1720 Cerritos Avenue, Long Beach, CA 90813

Local realty services provided by:Better Homes and Gardens Real Estate Registry
1720 Cerritos Avenue,Long Beach, CA 90813
$2,100,000
  • 9 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:cameron samimi
Office:lyon stahl investment real estate, inc.
MLS#:SB25193240
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,100,000

About this home

Current 6.93% 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. The 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

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Home facts

  • Listing ID #:SB25193240
  • Added:237 day(s) ago
  • Updated:September 30, 2025 at 02:14 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:5

Finances and disclosures

  • Price:$2,100,000
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