1720 Cerritos Avenue
Long Beach, CA, 90813
$2,200,000
Beds
0 Baths
SqFt
0.12 Acres
Add
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.

Property Details

Price:
$2,200,000
MLS #:
SB24222399
Status:
Active
Baths:
0
Address:
1720 Cerritos Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
5wrigleyarea
City:
Long Beach
Listed Date:
Oct 28, 2024
State:
CA
ZIP:
90813
Lot Size:
5,194 sqft / 0.12 acres (approx)
Year Built:
1963
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Community Features
Urban
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

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1720 Cerritos Avenue
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