1720 Cerritos Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$2,250,000 USD
424-380-5420
1720 Cerritos Ave, Long Beach, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/22
null | 6.44% Cap Rate

1720 Cerritos Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • All Units have been completely remodeled featuring Dishwashers, Wash/Dryer Hookups and Windows
  • 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

OVERVIEW

Current 6.44% cap rate and 10.94 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.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

7

PRICE/UNIT

$321,429

CAP RATE

6.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,198 SF

ZONING

LBR3S

APN/PARCEL ID

7268-027-025

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
424-380-5420

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
424-380-5420

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.