1720 Cerritos Avenue, Long Beach, CA 90813

Local realty services provided by:Better Homes and Gardens Real Estate Town Center
1720 Cerritos Avenue,Long Beach, CA 90813
$2,100,000
  • - Beds
  • - Baths
  • 6,074 sq. ft.
  • Multi-family
  • Active
Listed by: cameron samimi
Office: lyon stahl investment real estate, inc.
MLS#:SB25193240
Source:CRMLS

Price summary

  • Price:$2,100,000
  • Price per sq. ft.:$345.74

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

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Home facts

  • Year built:1963
  • Listing ID #:SB25193240
  • Added:282 day(s) ago
  • Updated:November 15, 2025 at 01:30 AM

Rooms and interior

  • Living area:6,074 sq. ft.

Structure and exterior

  • Year built:1963
  • Building area:6,074 sq. ft.
  • Lot area:0.12 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$345.74
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