1720 Cerritos Avenue
Long Beach, CA 90813
0.12 acres | #SB24173618
Description
Current 6.42% cap rate and 10.99 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.
Each unit has its own washer and dryer, a/c splits,
dishwashers, new floors, kitchen and bathrooms. 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.
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
Island.
Property Details
- Lot DescriptionItem01UnitAcre
- Stories1
Measurements
- Acres0.1194
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1963
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$2,350,000
Other
- MLS #SB24173618
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Cameron Samimi (#SBSAMICAM)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#sb1310620)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
