PRICED TO SELL - 9.8 GRM AND 6.7% CAP on in-place rents, with upside to a 9.0 GRM and 7.6% CAP. 9 units on the Eastside of Long Beach. Property was heavily rehabbed in 2020. 8 of 9 units were taken down to the studs with everything updated. Property has new windows, updated plumbing, electrical, kitchens and baths. Additionally, all new tile flooring was installed (that looks like wood laminate) which will last for years to come. Buyer to verify. Main Electric Panel is 400 AMPS - Buyer to verify. There is onsite laundry and the building is secured. There are 4 garages in the rear that could be rented for $125/garage or converted into 1-2 ADU's - Buyer to verify. There is also one garage in
Current 6.93% Cap Rate and 10.20 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
New copper plumbing • Own washer and dryer • New roof
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ABOUT THIS HOME
Central Long Beach, CA Homes for Sale
Welcome to 1125 E 17th St, Long Beach, CA 90813 — a charming single-family home located in the heart of Long Beach. This property features spacious living areas filled with natural light, well-maintained interiors, and a functional layout ideal for comfortable living. Enjoy a generous lot with potential for outdoor entertaining or gardening. Conveniently situated near local schools, shopping, restaurants, and major freeways, this home offers both accessibility and the vibrant lifestyle of Long Beach. Don’t miss this opportunity to make it yours!
Generous lot • Outdoor entertaining • Natural light
ABOUT THIS HOME
Central Long Beach, CA Homes for Sale
Welcome to your new home in this inviting 2-bed, 2-bath condominium in Long Beach’s desirable Poly High area. Freshly updated with new paint and sleek vinyl wood floors, this unit is ready for immediate move-in. Step out onto the cozy balcony from either the living area or primary bedroom to enjoy a breath of fresh air. The condo includes a refrigerator and a washer-dryer combo for added convenience. Located in a secure building with elevator access, HOA pays for water/gas/trash, it also features two parking spaces in a gated garage. Just under 2 miles from the beach and surrounded by local hotspots, this centrally located property is a fantastic find!
Price improvement. Located in the desirable Junipero Heights neighborhood, this charming 2-bedroom, 2-bath condo offers comfortable living with a bright, open floor plan and a prime location just minutes from all that Long Beach has to offer. Key Features: 1) Spacious & Open Layout: Bright living areas, perfect for relaxing or entertaining. 2) Primary Suite with Private Bath: Enjoy privacy and comfort in the master suite. 3) Updated Kitchen: Modern cabinets and plenty of counter space. 4) Natural Light Throughout: Large windows fill the space with natural light. Ideal Location (All within 10 Minutes): A) Rotary Centennial Park: Steps away from parks and outdoor space. B) The Beach: