7160 Cerritos Avenue

• Attractive Unit Mix Comprised Of 100% Two-Bedroom/One-And-A-Half-Bathroom Townhouse Style Units
• (1) Vacant Unit Provides New Owner An Opportunity To Capture Market Rent Day One
• Vacant Unit And Below Market Rents Offer 77% Rental Upside
• Residents Enjoy Amenities Such On-Site Laundry, Gated Entry, And Carport Parking
• Convenient Access to Beach Blvd Thoroughfare
• Located In The Strong Rental Market Of Stanton Where 51% Of Residents Rent
• Proximity To The Cerritos Elementary School, Cypress Plaza Shopping Center, Stanton Central Park, And Adventure City
• First Time On The Market In 52 Years

Property Description

Kirklen Investment Group proudly offers the opportunity to acquire 7160 Cerritos Avenue, a 4-unit multifamily investment property located in the City of Stanton. Built in 1962, the subject property offers an exceptionally attractive unit mix comprised of 100% two-bedroom/one-and-a-half-bathroom townhouse style units which attract a diverse pool of potential residents. Situated on a 7,434 square foot corner lot, 7160 Cerritos Avenue provides residents with amenities such as on-site laundry, gated entry and carport parking. Residents enjoy being located within proximity to the Beach Blvd thoroughfare, which provides residents ease of transportation throughout Orange County spanning from the hills of La Habra Heights to the beaches in Huntington Beach. 7160 Cerritos Avenue also benefits from being located within proximity to numerous educational institutions, shopping, dining and entertainment. Being offered for sale for the first time in 52 years, 7160 Cerritos Avenue provides a new owner 77% rental upside through exterior improvements and following the current owners blueprint of modernizing the interiors to capture market rents. The subject property also offers (1) vacant unit providing a new buyer the opportunity to capture market rent day one or for a potential buyer to move into the vacant unit while taking advantage of favorable FHA financing.