1720 Cerritos Avenue #1

Long Beach, CA 90813

  • 0 Bed(s)
  • 0 Bath(s)
  • 6,074 Sqft
  • 5198
    Sqft(Lot)
$2,199,000

Description

Current 6.62% cap rate and 10.69 grm! meticulously

remodeled with high-end finishes. come see this

beautiful 7 unit building with best unit mix you can ask

for. 1720 cerritos is comprised of (6) 2bed+1bath and

(1) 3bed+1.5bath units. two units are currently vacant

and there is an opportunity to add significant value by

building out (2) studio+1bath adus. adding the adus

would generate an extra $3,500/month.

each unit has its own washer and dryer, dishwashers,

new floors, kitchen and fixtures. all demanding higher

rents for the area. this property is massive with each

unit averaging over 800 sqft. the property also has

new copper plumbing, new roof and new electrical sub

panels in each unit - all of which were updated in the

last 5 years.

t he subject property is located just outside 6 billion

dollars worth of development flooding into downtown

long beach, including the long beach civic center,

long beach aquarium, oceanaire project, csulb

downtown village, broadway block and queen mary

island. om in supplements.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48521999

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1963
    • Building Area Total: 6,074

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1193
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 5198

  • Listing Price Information

    • Original List Price: 2,199,000
    • Listing Contract Date: 2025-02-04

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7268027025

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 699 - Not Defined
    • Postal Code Plus 4: 2138
    • Directions: Off Alamitos and PCH
    • Zoning: LBR3S
    • Source Property Type: Residential Income
    • Area: 699 - Not Defined
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 62
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 04/07/2025 @ 13:25

  • MLS: SB25025508
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 6,074 sqft, 5,198 sized lot, and 0 parking. are nearby neighborhoods.