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For sale
  • Listing Provided by: 

    Cameron Samimi DRE #02035763 310-259-7556,

    Lyon Stahl Investment Real Estate, Inc.

    Price cut: $90K (5/29)
    $2,100,000

    1720 Cerritos Ave APT 1, Long Beach, CA 90813

    15beds
    8baths
    6,074sqft
    : 
    Multi Family
    Built in 1963
    -- sqft lot
    $2,044,100 Zestimate®
    $346/sqft
    $-- HOA

    What's special

    New roofNew floorsHigh-end finishes
    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.
    189 days
    on Zillow
    |
    82
    |
    5
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 28, 2025 at 08:51pm

    Listing Provided by:

    Cameron Samimi DRE #02035763 310-259-7556,

    Lyon Stahl Investment Real Estate, Inc.

    Source: CRMLS,MLS#: SB25025508MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1720 Cerritos Ave APT 1.

    Next available tour time:Today at 4pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 8
    Appliances
    • Laundry: Inside
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 6,074
    • Total interior livable area: 6,074 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 5,198 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 7268027025
    • Zoning: LBR3S
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1963

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Urban
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $346/sqft
    • Date on market: 2/5/2025
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
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