North Long Beach House | 6518 Cerritos Ave
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North Long Beach House 6518 Cerritos Ave
816 SF 100% Leased Flex Building Long Beach, CA 90805 $955,132 CAD ($1,171 CAD/SF)
Investment Highlights
- Walk Score 75, Bike Score 80 - Solid 1940s Bungalow with good size backyard
- Detached garage offers potential for conversion to ADU
- Near Major Corridors Artesia Boulevard and 91 Freeway
Executive Summary
In escrow taking backup offers
Current use is a 2 bedroom, 1 bath single family house with detached two car garage. Potential for prospective buyer to upgrade house, convert garage to ADU, and possibly add additional units under new State laws due to proximity to major intersection of Orange Avenue and Artesia Blvd. Near Metro development by 91 Freeway. Bike Score 80. Walk Score 75. Prospective buyer to investigate suitability for additional development to their own satisfaction - seller and their broker offer no guarantees about what can be developed. Opportunity knocks.
Shed on concrete pad behind garage can be used for storage, or converted to patio if garage converted to ADU.
Property has been upgraded with Vinyl Windows, Copper Plumbing, and Floor Furnace has been replaced with Wall Furnace.
Fell out of escrow, but appraised at around current list price, FHA requested repairs were completed.
Current use is a 2 bedroom, 1 bath single family house with detached two car garage. Potential for prospective buyer to upgrade house, convert garage to ADU, and possibly add additional units under new State laws due to proximity to major intersection of Orange Avenue and Artesia Blvd. Near Metro development by 91 Freeway. Bike Score 80. Walk Score 75. Prospective buyer to investigate suitability for additional development to their own satisfaction - seller and their broker offer no guarantees about what can be developed. Opportunity knocks.
Shed on concrete pad behind garage can be used for storage, or converted to patio if garage converted to ADU.
Property has been upgraded with Vinyl Windows, Copper Plumbing, and Floor Furnace has been replaced with Wall Furnace.
Fell out of escrow, but appraised at around current list price, FHA requested repairs were completed.
Property Facts Under Contract
| Price | $955,132 CAD | Rentable Building Area | 816 SF |
| Price Per SF | $1,171 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1940 |
| Property Type | Flex | Parking Ratio | 6.13/1,000 SF |
| Lot Size | 0.11 AC |
| Price | $955,132 CAD |
| Price Per SF | $1,171 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Lot Size | 0.11 AC |
| Rentable Building Area | 816 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 6.13/1,000 SF |
Utilities
- Lighting - Metal Halide
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (80)
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Brian Thornton - Thornton Realty
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North Long Beach House | 6518 Cerritos Ave
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