$10,000 Closing Credit¹
#OC25002272, Mike Marcu, Listing Office: Mike Marcu, Broker
#SB25025508·
Listing Office: Lyon Stahl Investment Real Estate, Inc.·
Listing Agent: Cameron Samimi·
Listing Office Phone: 310-259-7556
$2,250,000 List price
1720 Cerritos Ave Unit 1 Long Beach, CA 90813
$10,000
Closing credit¹
0.1 acres
Condo
Property details
About 1720 Cerritos Ave Unit 1
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. 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. T he 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. OM in supplements.
Highlights
Home typeCondominium
StatusActive
Lot size0.1193 Acres
Year built1963
MLS #SB25025508
Summary
- MLS Number: SB25025508
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 259-7556
- Listing Agent: Cameron Samimi
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 6:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,250,000
1720 Cerritos Ave Unit 1
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
4
John G. Whittier Elementary School
Public District KG-5
0.3 mi
•1761 Walnut Ave
8
Alvarado Elementary School
Public District KG-5
0.4 mi
•1400 E 20th St
6
Lincoln Elementary School
Public District KG-5
0.5 mi
•1175 E 11th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,579. The most common annual income of people living in Long Beach, CA is less than $<35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
55%
<35k
41%
35k-100k
1%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
36%
Single, No Kids
31%
Single, with Kids
11%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
13%
12-17 yrs old
28%
18-34 yrs old
32%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
H&M
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
Boston Market
What do the neighbors drive?
Dodge
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1720 Cerritos Ave Unit 1
This home is located at 1720 Cerritos Ave Unit 1 in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 5, 2025 and is currently priced at $2,250,000.
In February 2025 more than 54 listings in Long Beach, CA were sold above the asking price. During the same period more than 22 listings were sold at asking price, while more than 62 were sold below. The number of homes for sale in Long Beach, CA increased by 2.2% between January and February 2025. The median list price of listings available in February 2025 was $823,240, while the average time on the real estate market was 42 days.
From Rocket Homes Real Estate and based on county public records data.