$2,100,000
 $11,273 est/mo Sourced by Back At You

1720 Cerritos Avenue,Long Beach, CA 90813

Long Beach, CA 90813

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Description

Current 6.67% cap rate and 10.50 GRM! Meticulously remodeled with high-end finishes. Come see this beautiful 7-unit building with the best unit mix you can ask for. 1720 Cerritos is comprised of (6) 2-Bed/1-Bath and (1) 3-Bed/1.5-Bath units. 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. 1720 Cerritos Ave 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.

Details

MLS #SB26104879
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1963
Days On Site169
Listing Provided ByLyon Stahl Investment Real Estate, Inc. | Cameron Samimi

Features

SQ Feet6,074
Story(s)1
Units7
Building(s)1
ZoningLBR3S
Acreage0.12

Exterior

Lot FeaturesZero To One Unit Acre

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesUrban

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area699 Not Defined
Listing VS Median (in 90813)
Price:
$2,100,000
low | high
Med:
$894,500
100% of Average
sqft:
6,074
low | high
Med:
2,357
100% of Average
$ / sqft:
$346
low | high
Med:
$385
38.560192013368% of Average
On site:
169
low | high
Med:
196
86.224489795918% of Average
Sourced by Back At You

Market Activity 90813

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Additional Information

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Contact

Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area699 Not Defined
Listing VS Median (in 90813)
Price:
$2,100,000
low | high
Med:
$894,500
100% of Average
sqft:
6,074
low | high
Med:
2,357
100% of Average
$ / sqft:
$346
low | high
Med:
$385
38.560192013368% of Average
On site:
169
low | high
Med:
196
86.224489795918% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 2:00:54 AM PDT