$2,100,000

Multi Family In Long Beach

  • 9 Beds
  • 5 Baths
  • 5,197 Sqft lot
  • Updated: May 19
  • Source:
    San Diego MLS  MLS#SB26104879

About the Property

Current 6.67% cap rate and 10.50 GRM! 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) 2-Bed/1-Bath and (1) 3-Bed/1.5-Bath units. 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. Each Unit has it
Current 6.67% cap rate and 10.50 GRM! 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) 2-Bed/1-Bath and (1) 3-Bed/1.5-Bath units. 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. Each Unit has its own washer and dryer, dishwashers, new floors, kitchen, and fixtures. 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 - all of which were updated in the last 5 years. 1720 Cerritos Ave 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 type

    Other

  • Floors

    2

Features

  • Renovated
  • Washer Dryer
  • Investment Property

Explore the Area

1720 Cerritos Avenue, Signal Hill, California, United States View on Google Maps
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Lyon Stahl Investment Real Estate, Inc. - El Segundo

Joined 9 months ago
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Lyon Stahl Investment Real Estate, Inc. - El Segundo
California, United States
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51
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Lyon Stahl Investment Real Estate, Inc. - El Segundo
El Segundo, California, United States
View agency profile
Last updated
May 19
First listed
May 19
Listing reference
SB26104879
Listing status
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