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1720 Cerritos Ave, Long Beach, CA 90813
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1720 Cerritos Ave Long Beach, CA 90813

$1,300,000 Sold Price as of 12/04/2020
  • 105 Beds
  • 56 Baths
  • 6,074 Sq.Ft.
Sold
$1,300,000 Sold Price as of 12/04/2020 Refinance Your Mortgage
Map preview of 1720 Cerritos Ave, Long Beach, CA 90813

Property Overview: 1720 Cerritos Ave Long Beach, CA has 105 bedrooms, 56 bathrooms, 6,074 living square feet and 5,198 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity!! 7 units. 6 are 2 bedroom 1 bath and one is 3 bedroom 1 1/2 bath. All occupied with long term tenants who want to stay! Manager on site. Close to Long Beach College.

Listed by Toni Skane | BRE #01433617 | Coldwell Banker Assoc.Brks-CL
Co-listed by Breanna Cotter | BRE #01890971 | Coldwell Banker Assoc.Brks-CL
Last checked: 9 minutes ago | Last updated: February 28th, 2023 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
5,198
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
SW20189874
City
Long Beach
County
Los Angeles
Time on Site
1347 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Leased Units: 7
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 7
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 15
  • # of Baths: 8
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,380
  • Total Rent: $7,380
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $88,560
  • Net Operating Income: $50,931
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $38,528
  • Electric: $660
  • Gas/Fuel: $0
  • Licenses: $338
  • New Taxes: $2,821
  • Trash: $611
  • Gardener: $600
  • Insurance: $5,200
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 1720 Cerritos Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Common Area, Community
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Level, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 7
  • Parcel Number: 7268027025
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Poly High (PH)
  • Directions: PCH TURN CERRITOS
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1720 Cerritos Ave

Last sold for $1,300,000 on December 4th, 2020

  • February, 2023

  • Feb 28, 2023

    Date

    Canceled

    CRMLS: SB23004829

    $2,300,000

    Price

  • Jan 10, 2023

    Date

    Active

    CRMLS: SB23004829

    $2,300,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible 4% INTEREST ONLY assumable debt available on purchase in the amount of $1.2Million. 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.

  • January, 2023

  • Jan 10, 2023

    Date

    Canceled

    CRMLS: SB22210438

    $2,300,000

    Price

  • Sep 27, 2022

    Date

    Active

    CRMLS: SB22210438

    $2,300,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • September, 2022

  • Sep 26, 2022

    Date

    Canceled

    CRMLS: SB22184794

    $2,300,000

    Price

  • Sep 7, 2022

    Date

    Active

    CRMLS: SB22184794

    $2,300,000

    Price

  • Listing provided courtesy of CRMLS

    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 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.

  • December, 2020

  • Dec 4, 2020

    Date

    Sold

    CRMLS: SW20189874

    $1,300,000

    Price

  • Nov 10, 2020

    Date

    Price Change

    CRMLS: SW20189874

    $1,300,000

    Price

  • Oct 11, 2020

    Date

    Pending

    CRMLS: SW20189874

    $1,550,000

    Price

  • Oct 3, 2020

    Date

    Active Under Contract

    CRMLS: SW20189874

    $1,550,000

    Price

  • Oct 1, 2020

    Date

    Active

    CRMLS: SW20189874

    $1,550,000

    Price

  • Sep 22, 2020

    Date

    Pending

    CRMLS: SW20189874

    $1,550,000

    Price

  • Sep 11, 2020

    Date

    Active

    CRMLS: SW20189874

    $1,550,000

    Price

  • December, 2020

  • Dec 4, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,300,000

    Price

  • October, 2020

  • Oct 14, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1720 Cerritos Ave

Assessed Value (2020): $131,299
Year Land Value Improved Value Assessed Value
2020 $14,544 $116,755 $131,299

Home Value Compared to the Market

This property vs the competition

1720 Cerritos Ave sold on December 4, 2020 for 62.5% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $214.03 per/sqft which puts the price per square foot 66.13% lower than the current median sale per square foot for the city of Long Beach.

About 1720 Cerritos Ave

Detailed summary of property

1720 Cerritos Ave is a apartment that recently sold in Long Beach, CA 90813. This apartment offered 105 bedrooms, 56 bathrooms, roughly 6,074 living square feet, and sits on an approximately 5,198 square foot lot. 1720 Cerritos Ave was first listed on ArdentRealEstateGroup.com on September 12, 2020. The homeowner sold the property for $1,300,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 62.5% higher than the current median priced home. Local homes that are currently for sale include 1731 E 3rd St, 2490 Chestnut Ave and 2490 Chestnut Ave. While the average home in Long Beach, CA is selling in 52 days, 1720 Cerritos Ave has a days on market of 12 days. There are currently 647 homes for sale in the Long Beach real estate market and 369 of them are single family homes while 262 of them are condos and 16 are townhomes. For more information on this home for sale at 1720 Cerritos Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1720 Cerritos Ave

Public county record property details
Beds
15
Baths
8
Year built
1963
Sq. Ft.
6,074
Lot Size
5,194
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7268-027-025

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$600,000
Median List Price/Sq.Ft.
$560
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
33
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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