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$ 2,350,000
Est. payment /mo
Active
1720 Cerritos Avenue Long Beach, CA 90813
9 Beds
5 Baths
5,200 Sqft Lot
UPDATED:
09/06/2024 04:58 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24173618
Bedrooms 9
HOA Y/N No
Lot Size 5,200 Sqft
Property 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.
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.
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.
Location
State CA
County Los Angeles
Area Long Beach (90813)
Zoning Assessor
Building
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $117
Acceptable Financing Cash, Exchange, Land Contract
Space Rent $2,495
Listing Terms Cash, Exchange, Land Contract
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.