1720 Cerritos Avenue, Long Beach, CA 90813 - MLS#SB24173618

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Nicole Hazelton

[email protected] +1(619) 206-1892

$2,350,000

Est. payment - /mo

9 Beds

5 Baths

5,200 Sqft Lot

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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.

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

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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.

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Nicole Hazelton

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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