$2,100,000
1720 Cerritos Avenue, Long Beach CA 90813
Multi-Family (7 Units)
Property type
23 days
On market
$346
Price per sqft
0 cars
Garage
1963
Year built
5,198 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Cameron Samimi DRE #02035763, Lyon Stahl Investment Real Estate, Inc.
Listing updated: May 19, 2026 at 07:38am.
Last checked: Jun 5, 2026 at 10:30am
Source: CRMLS #SB26104879
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $2,466 | $2,466 | $2,495 | — |
| 1 | 2 | 1 | — | $2,302 | $2,302 | $2,495 | — |
| 1 | 2 | 1 | — | $2,495 | $2,495 | $2,495 | — |
| 1 | 3 | 2 | — | $2,700 | $2,700 | $3,000 | — |
| 1 | 2 | 1 | — | $2,092 | $2,092 | $2,495 | — |
| 1 | 2 | 1 | — | $2,295 | $2,295 | $2,495 | — |
| 1 | 2 | 1 | — | $2,195 | $2,195 | $2,495 | — |
# of Buildings: 1
# of Units Total: 7
Separate Electric Meters: 7
Separate Gas Meters: 7
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
10.5x
List Price / Annual Gross Rent
Cap Rate
7%
NOI / List Price
Gross Scheduled Income: $199,980
Vacancy Allowance: $5,999
Operating Expense: $54,002
Net Operating Income: $139,979
Annual Operating Expenses
Electric: $0
Gardener: $1,200
Fuel: $0
Insurance: $7,593
New Taxes: $25,410
Professional Management: $9,999
Trash: $0
Water / Sewer: $5,600
Interior
Laundry: Inside
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: One
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7268027025
Additional Parcels: No
Tax Lot: 4
Zoning: LBR3S
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 1720 Cerritos Avenue, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,680,000
Total Interest
$2,142,747
Total Payment
$3,822,747
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,956
per month
Property History for 1720 Cerritos Avenue
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
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