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.
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
Est.:
Multi Family
Built in 1963
-- sqft lot
$2,044,100 Zestimate®
$346/sqft
$-- HOA
What's special
New roofNew floorsHigh-end finishes
- 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#: SB25025508
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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