1720 Cerritos Avenue #1, Long Beach, CA 90813 - Berkshire Hathaway HomeServices California Properties

1720 Cerritos Avenue #1, Long Beach, CA 90813

$2,100,000 Approx. USD 0 beds, 0 baths

Listing Agent


Cameron Samimi | cameron@lyonstahl.com
Lic#: 02035763
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.

Agent Remarks

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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# SB25025508
List price is $2,100,000 Reduced by $89,999 on 5/29/2025
Price: $2,100,000
Beds: 0
Baths: 0
Built in 1963
1 story
0.12 acres
Lot size: 0.1193
County: Los Angeles
Zoning: LBR3S
Lot description: ZeroToOneUnitAcre
MLS area: 699 - Not Defined

Last Updated: 5/29/2025

 Days On Market (DOM): 157

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 33.788532, -118.177105.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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