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1720 Cerritos Ave
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily apartment building located at 1720 Cerritos Ave in Long Beach.
- The property includes a total of seven residential rental units.
- Current asset valuation reflects a 6.67% capitalization rate for investors.
- Total asking price for this residential property is $2,100,000.
- Positioned within a dense and active Southern California coastal submarket.
What's Special
Long Beach serves as a central hub for the Southern California coastal economy, supported by its proximity to major industrial centers and dense residential populations. This multifamily apartment building sits within the 90813 ZIP code, providing access to essential services and regional transit corridors. The property consists of 7 units, offering a consistent configuration for long-term residential leasing in a high-demand rental market. Investors seeking a stabilized asset in this coastal environment may find this multifamily building suitable for their portfolio, as it currently operates at a 6.67% capitalization rate. The location benefits from the diverse economic activity of the greater Long Beach area, which continues to attract a variety of tenants due to its walkability and access to employment centers throughout Los Angeles County. This asset represents a functional addition to an investment strategy focused on established urban multifamily inventory.
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