1720 Cerritos Ave Long Beach, CA 90813
Central NeighborhoodEstimated payment $13,150/month
About This Home
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.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 05/19/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 5,198 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,074 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 15 Bedrooms
- 8 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 2753
- Assessor Parcel Number 7268027025
Community Details
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $7,593
- Professional Management Expense $9,999
- Water Sewer Expense $5,600
- New Taxes Expense $25,410
- Operating Expense $54,002
- Gross Income $199,980
- Net Operating Income $139,979
Additional Features
- 7 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $19,423 | $1,435,303 | $552,040 | $883,263 |
| 2025 | $19,423 | $1,407,161 | $541,216 | $865,945 |
| 2024 | $18,561 | $1,379,570 | $530,604 | $848,966 |
| 2023 | $18,243 | $1,352,520 | $520,200 | $832,320 |
| 2022 | $17,137 | $1,326,000 | $510,000 | $816,000 |
| 2021 | $16,769 | $1,300,000 | $500,000 | $800,000 |
| 2020 | $2,853 | $131,299 | $14,544 | $116,755 |
| 2019 | $2,822 | $128,729 | $14,259 | $114,470 |
| 2018 | $2,668 | $126,210 | $13,980 | $112,230 |
| 2016 | $2,431 | $121,109 | $13,438 | $107,671 |
| 2015 | $2,360 | $119,291 | $13,237 | $106,054 |
| 2014 | $2,387 | $116,955 | $12,978 | $103,977 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/19/2026 05/19/26 | For Sale | $2,100,000 | +61.5% | $346 / Sq Ft | |
| 12/04/2020 12/04/20 | Sold | $1,300,000 | 0.0% | $214 / Sq Ft | View Prior Sale |
| 11/09/2020 11/09/20 | Price Changed | $1,300,000 | -16.1% | $214 / Sq Ft | |
| 10/02/2020 10/02/20 | Pending | -- | -- | -- | |
| 09/30/2020 09/30/20 | For Sale | $1,550,000 | 0.0% | $255 / Sq Ft | |
| 09/21/2020 09/21/20 | Pending | -- | -- | -- | |
| 09/11/2020 09/11/20 | For Sale | $1,550,000 | -- | $255 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,300,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Grant Deed | -- | Fidelity National Title | |
| Quit Claim Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,690,000 | New Conventional | |
| Closed | $1,200,000 | New Conventional | |
| Previous Owner | $845,000 | Commercial | |
| Previous Owner | $428,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26104879
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
- 1224 E 17th St
- 1780 Lewis Ave
- 1442 Alamitos Ave
- 1065 E 19th St
- 1490 Gundry Ave
- 1416 Orange Ave
- 1047 E New York St
- 1045 E New York St
- 1448 Lemon Ave
- 910 E 19th St
- 1876 Myrtle Ave
- 1377 Warren Ave
- 1403 Lemon Ave
- 1467 Walnut Ave
- 1390 Gundry Ave
- 1136 E Alhambra Ct
- 2000 Lewis Ave
- 2051 Orange Ave
- 1323 Walnut Ave
- 1402 Olive Ave
- 1234 E Esther St
- 1861 Orange Ave
- 1490 Gundry Ave
- 1515 E Walnut Way
- 1495 N Peterson Ave
- 1409-1415 N Warren Ave
- 1470 Martin Luther King jr Ave
- 1388 Martin Luther King jr Ave
- 1386-1388 Martin Luther King jr Ave
- 1423 Martin Luther King jr Ave Unit 3
- 1935 Myrtle Ave
- 1349 Walnut Ave
- 1349 Walnut Ave
- 2029-2031 5-20315 Lemon Ave
- 1815 Rose Ave
- 1460 Gaviota Ave
- 1972 Olive Ave Unit 1/2
- 1972 Olive Ave
- 1982 Olive Ave
- 1976 Olive Ave
Ask me questions while you tour the home.