1720 Cerritos Avenue 1, Long Beach CA, 90813

Active

1720 Cerritos Avenue 1

Long Beach CA, 90813

$2,250,000

$370.43 per sqft

Active

6,074 sqft

Condos

Built in 1963

Listed by Cameron Samimi with Lyon Stahl Investment Real Estate, Inc. 310-259-7556

Current 6.44% cap rate and 10.94 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.

SB25025508

MLSⓇ ID

February 5, 2025

Listed

February 12, 2025

Updated

Interior Features

Total Stories: 1
Laundry Description: Inside
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.12 Acres
Lot Features: 0-1 Unit/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 699 - Not Defined
Garage: No
Parking Total: 0
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LBR3S

Listing Contact: 310-425-9838

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/12/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 2/12/2025 at 7:21 PM UTC