- 9 Beds
- 5 Baths
- .12 Acres
- 148 DOM
1720 Cerritos Avenue
Current 7.00% Cap Rate and 10.20 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.
Essential Information
- MLS® #SB25025508
- Price$2,100,000
- Bedrooms9
- Bathrooms5.00
- Acres0.12
- TypeResidential Income
- Sub-TypeRes Income 2-4 Units
- StatusActive
Community Information
- Address1720 Cerritos Avenue
- AreaLONG BEACH (90813)
- CityLong Beach
- CountyLos Angeles
- StateCA
- Zip Code90813
Amenities
- PoolN/K
Interior
- FireplaceYes
- Stories1 Story
Additional Information
- Date ListedFebruary 4th, 2025
- Days on Market148
- ZoningAssessor
Listing Details
Office
Lyon Stahl Investment Real Estate, Inc.
Lyon Stahl Investment Real Estate, Inc..
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Listing information last updated on July 21st, 2025 at 5:13am PDT.