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1720 Cerritos Ave
Long Beach, CA 90813 Downtown Long Beach

$2,100,000 USD

Apartments For Sale • 6,074 SF

Property Details

Property Type Apartments
Total Building Size 6,074 SF
Lot Size 0.12 AC
Building Class C
Year Built 1963
Cap Rate 7.00 %
Zoning LBR3S

55 Transit Score

91 Walk Score

                
                    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

Property Flyers

OM - 1720 Cerritos

Financial Summary (Actual)

Net Operating Income: $144,960 USD (2024)

Cap Rate:	7.00 %
Total Expenses:	$54,585 USD

Amenities

Air Conditioning
Dishwasher
Laundry Facilities
Washer/Dryer Hookup
Ceiling Fans
Hardwood Floors

Public Transportation

Transit/Subway	Drive	Walk	Distance
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	7 min	-	3.3 mi
John Wayne/Orange County	31 min	-	20.8 mi
Los Angeles International	31 min	-	21.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	3
Type:	Surface
Included in Rent:	Yes

Cameron Samimi 424-380-5420 Lyon Stahl Investment Real Estate

1720 Cerritos Ave Long Beach, CA 90813 Downtown Long Beach