1720 Cerritos Avenue Long Beach, CA 90813

Current 6.42% cap rate and 10.99 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. Each unit has its own washer and dryer, a/c splits, dishwashers, new floors, kitchen and bathrooms. 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. 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.