Courtesy of: Lyon Stahl Investment Real Estate, Inc.
Days On Market: 65
Year Build: 1963
Address: 1720 Cerritos
County: Los Angeles
City: Long Beach
Neighborhood: 9 - Poly High, Poly High (ph)
Incredible 4% INTEREST ONLY assumable debt available on purchase in the amount of $1.2m
Meticulously remodeled with high-end finishes. Come see this beautiful nit building with the best unit mix you can ask for. 1720 Cerritos is comprised of (6) 2Bed+1Bath and (1) 3Bed+1.5Bath units.
Each unit has its own washer and dryer, a/c splits, dishwashers, new floors, kitchen, and bathrooms. All demanding high rents for the area. This property is massive with each unit averaging over 800 Sq.ft. The property also has new copper plumbing, new roof, and new electrical sub panels in each unit. The property comes with substantial upside as all units are eligible for 10% rent increases.
The 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.