1720 Cerritos Ave, Long Beach, CA 90813

1720 Cerritos Ave, Long Beach, CA 90813

Long Beach, CA
$2,300,000

Property Description

INVESTMENT HIGHLIGHTS

  • 6 out of 7 Units have been completely renovated featuring New A/C Splits, Dishwashers, Wash/Dryer Hookups and Windows
  • (6) 2Bed+1Bath Units and (1) 3Bed+1.5Bath
  • Copper plumbing throughout building, new electrical and 3 year old roof
  • Perfect opportunity for exchange buyer looking for very low maintenance and high cash-flow

EXECUTIVE SUMMARY

Incredible 4% INTEREST ONLY assumable debt available on purchase in the amount of $1.2Million. Meticulously remodeled with high-end finishes. Come see this beautiful 7-unit building with the 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, Ocean Aire Project, CSULB Downtown Village, Broadway Block, and Queen Mary Island. 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.

Property Features

  • Sale Price: $2,300,000
  • Area Size: 6,074 SF
  • Land Area: 0.12 AC
  • Year Built: 1963
  • Listing Date: 3/31/2023

Lyon Stahl Investment Real Estate

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