23 days on rocket

1720 Cerritos Ave, Long Beach, CA, 90813

$2,200,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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1720 Cerritos Ave, Long Beach$2,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1963
MLS #SB24222399
Lot Size0.12 Acres
StatusActive

About 1720 Cerritos Ave

Current 6.62% cap rate and 10.69 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.

Property Details

Property Features

Property Information:

  • Year Built: 1963
  • Stories: 2

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 259-7556
  • Listing Agent: Cameron Samimi

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Other

Directions Information:

  • Directions: Off Alamitos and PCH

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,200,000

Tax Information:

  • Annual Amount: $16,769
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$824.6K

Med. Price/SqFt

$633

Avg. Days On Market

34

# of Sold Homes

212

1720 Cerritos Ave vs Long Beach

23 DAYS ON ROCKET

-11 Days

$2,200,000

+$1.3M More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24222399

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 259-7556
  • Listing Agent: Cameron Samimi

IDX 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: 11/21/2024, 11:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 04, 2020Home Sold
$1,300,000

Tax History

YEARPROP. TAXASSESSMENT
2021$16,769$1,300,210
2020$2,821$131,089
2019$2,668$128,519
2018$2,640$126,000
2017$2,640$123,530

History based on county public records data.

Payment Calculator

$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,662

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-282283
4
/10

  • John G. Whittier Elementary School

  • 1761 Walnut Ave

  • 0.28 miles

  • Public District Grades KG-5

school-card-donut-282284
8
/10

  • Alvarado Elementary School

  • 1400 E 20th St

  • 0.37 miles

  • Public District Grades KG-5

school-card-donut-282285
6
/10

  • Lincoln Elementary School

  • 1175 E 11th St

  • 0.51 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,579. Residents of Long Beach, CA typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1720 Cerritos Ave

What is the listing price of this property?

The listing price of 1720 Cerritos Ave property is $2,200,000.

What type of property is this?

The property 1720 Cerritos Ave is a condo located in Long Beach, California, 90813.

Is this property for sale now?

Active Listing: 1720 Cerritos Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $16,769 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 4, 2020 for $1,300,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1720 Cerritos Ave is 1963.

Rocket Homes›California›Los Angeles County›Long Beach›90813›1720 Cerritos Ave

This home is located at 1720 Cerritos Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This home, which was built in 1963, sits on a 0.12 acre lot. It has been listed on Rocket Homes since October 29, 2024 and is currently priced at $2,200,000.

In October 2024 more than 94 listings in Long Beach, CA were sold above the asking price. During the same period more than 35 listings were sold at asking price, while more than 83 were sold below. In October 2024 in Long Beach, CA there were 0.1% less homes for sale than in September 2024. In October 2024 median list price was $824,667 and the average listing age was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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