1720 Cerritos Ave, Long Beach, CA 90813 | Multifamily Income Property
1720 Cerritos Ave, Long Beach, CA 90813
Opportunity
As a Class C building constructed in 1963 with no recorded renovations, the asset presents significant value-add potential through cosmetic upgrades, amenity enhancements, and operational efficiencies. The zoning (LBR3S - Limited Density Multiple Residence) supports redevelopment or density increases, adding long-term optionality. Located in Long Beach’s 90813 ZIP code, the property benefits from high demand in a supply-constrained coastal market, with proximity to major employment hubs, transportation, and lifestyle amenities driving renter appeal.
Opportunity
The unit amenities—including air conditioning, dishwasher, washer/dryer hookups, ceiling fans, and hardwood floors—provide a competitive advantage for tenant retention and allow for rental rate increases post-renovation. On-site laundry facilities represent an additional income stream. By modernizing these features and addressing deferred maintenance, an investor can elevate the property to Class B- standards, capturing higher rents and reducing vacancy risk in a tight rental market.
Opportunity
With 7 units, this asset serves as an ideal entry point for investors looking to scale in the Southern California multifamily sector. The lot size (0.12 acres) offers potential for expansion or reconfiguration under current zoning. Risks include the property’s age (requiring capital reserves for systems updates) and exposure to California regulatory changes (e.g., rent control, zoning compliance). However, the strong NOI, high cap rate, and location fundamentals mitigate these risks, positioning the property for both near-term cash flow and long-term appreciation.
Strength
The property offers a compelling 7.00% cap rate, supported by a solid Net Operating Income (NOI) of $144,960. At a sale price of $2.1 million ($300,000 per unit and $345.74 per square foot), it provides an attractive entry point for investors seeking stable, high-yielding cash flow in a coastal California market. The NOI indicates efficient current operations, while the cap rate exceeds regional averages for Class C multifamily assets, suggesting undervalued potential or operational upside.
Strength
Long Beach is a thriving submarket within the Greater Los Angeles region, characterized by strong population growth, diverse economic drivers (including port, healthcare, and education sectors), and a desirable Southern California lifestyle. The property’s location offers inherent resilience to economic downturns due to consistent rental demand from both young professionals and service-sector workers. The parking ratio (0.98/1,000 SF) aligns with urban multifamily standards, catering to tenant needs and supporting competitive leasing.
Long Beach, CA Multifamily Property Overview
- Multifamily Building located in Long Beach, CA
- Built in 1963
- Strong cap rate of 7.00%
- 6,074 SF of rentable area
Property Details
| Year Built | 1963 | Building Type | Multifamily |
| Total Size | 6,074 SF | Zoning | LBR3S - Limited Density Multiple Residence |
| Parking Spaces | N/A | Property Tax Rate | 1.25% |
| Cap Rate | 7.00% | Annual NOI | $144,960 |
| Price | $2,100,000 | Price/SF | $345.74 |
| Location | Long Beach, CA | County | Los Angeles |
Compare direct ownership against passive CRE platform exposure.
The calculator below frames the capital, risk, and operating burden of acquiring a property directly. REI Capital provides a professionally managed alternative with institutional underwriting and a 9% target annual growth projection.
Model your investment returns and cash flow projections
Calculating...
Calculating...
Calculating...
Calculating...
* Calculations are estimates only. Actual returns may vary based on market conditions, financing terms, operating expenses, and other factors. Consult with financial and legal professionals before making investment decisions.
Direct ownership vs. passive CRE platform exposure
Compare the same starting capital across two allocation paths: direct property ownership with operational responsibility, debt exposure, and single-asset concentration, versus a professionally managed REI Capital platform strategy built around institutional underwriting and a 9% target annual growth projection.
- Concentrated exposure to one property and market
- Debt service, refinancing, and rate sensitivity
- Active leasing, vendor, and asset oversight
- Vacancy, capex, and maintenance obligations
- Illiquid exit process with timing risk
- Transaction costs can compress realized returns
- Passive exposure without direct operator liability
- Institutional underwriting and acquisition discipline
- Professional asset management and reporting
- Strategy designed to reduce single-asset concentration
- 9% annual target growth projection for comparison
- Curated deal flow with a passive capital framework
Calculating the comparison…
* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.
Built for investors evaluating passive commercial real estate exposure
REI Capital is positioned for investors who want institutional-quality underwriting, disciplined capital deployment, and real estate exposure without managing the asset directly.
Accredited Investors
Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.
Family Offices
Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.
1031 Exchange Buyers
Compare direct replacement ownership against passive alternatives with reduced operational complexity.
High-Income Professionals
Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.
Where Your NOI Goes Each Month
* Distribution based on current inputs. Actual expenses may vary.
ROI Over Time: Direct Ownership vs REI Capital
* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.
Your Down Payment: Direct Ownership vs REI Capital Platform Exposure
Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.
* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.
Why sophisticated investors choose passive CRE exposure
Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies while reducing the operational burden of owning the property themselves.
- Professional underwriting before capital deployment
- Reduced exposure to single-asset operational demands
- Access to institutional sourcing and asset management
- Passive framework built for long-term capital strategy
- Clearer comparison against direct ownership costs
- Time-efficient exposure for qualified investors
A more efficient way to deploy capital
The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, and investor onboarding process behind the 9% target projection.
- Acquisition strategy & deal flow
- Underwriting and risk framework
- Platform team and execution process
- Investor qualification and next steps
For qualified investors · Private overview · PDF access
Investment Due Diligence For 1720 Cerritos Ave, Long Beach, CA Income Property
Key questions for informed investment decisions
Things Near 1720 Cerritos Ave, Long Beach, CA
Public Transportation
0.3 milesRestaurants & Dining
0.2 milesShopping Center
0.5 milesParks & Recreation
0.8 milesAbout Long Beach
Long Beach, CA is a city with a population of 465,424 and a median age of 33.9, offering a unique blend of opportunities and challenges for investors. The median household income is $52,711, which is relatively stable, but the poverty rate of 17.7% suggests some risk. The city's diverse economy, with top industries in information, public administration, finance, and real estate, provides a solid foundation for investment. However, the high income inequality, as indicated by a GINI coefficient of 0.476, and the relatively low homeownership rate of 40.4% are factors to consider. The average commute time of 28.7 minutes is relatively manageable, and the high health insurance coverage rate of 87.9% is a positive indicator of the city's quality of life. The foreign-born rate of 27.8% and the diverse ethnic makeup, with White, Hispanic, and White Non-Hispanic populations, contribute to the city's cultural richness. While the violent crime rate of 556.6 per 100,000 and property crime rate of 2,514.1 per 100,000 are concerns, the city's overall stability and potential for growth make it an attractive investment opportunity. With a median property value of $417,600 and median property taxes of $66,964, investors should carefully weigh the costs and benefits of investing in Long Beach.
Similar Properties Near 1720 Cerritos Ave, Long Beach, CA
High-Cap-Rate Value-Add Multifamily Investment in Oakland
Oakland, CA
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
Oakland, CA
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
San Fernando, CA
More Resources / Forums About Long Beach, CA
Ohio PERS commits $1bn to expand core real estate portfolio
https://realassets.ipe.com/news/ohio-pers-commits-1bn-to-expand-core-real-estate-portfolio/10132759.article ![1335774_cincinnatiohious_creditpexels_28...
Trump's economic promises to Black voters fall short | Jefferson City News-Tribune
https://www.newstribune.com/news/2025/sep/21/trumps-economic-promises-to-black-voters-fall/ ![211103020_211103020-6e719f382c5d4c2c8beb1a0a9d524367_t60...
The top 20% of Americans are keeping the economy alive. That's not a good sign
https://kion546.com/money/cnn-business-consumer/2025/09/18/the-top-20-of-americans-are-keeping-the-economy-alive-thats-not-a-good-sign/ ![kionlogog-86...
Realty ONE Group Right Choice Expands Services in McAllen, Adds Energy Consulting to Support Local Families and Businesses
https://www.benzinga.com/pressreleases/25/09/g47777063/realty-one-group-right-choice-expands-services-in-mcallen-adds-energy-consulting-to-support-loc...
Federal Reserve cuts interest rates, sparking optimism in Idaho housing market
https://www.kivitv.com/nampa/federal-reserve-cuts-interest-rates-sparking-optimism-in-idaho-housing-market ![90](upload://lcLzIsYWp44YQjUAfol5Jvt8Nwx....
Community Discussion
Share your thoughts and insights about this property
Please login to post a comment
Be the first to comment!
Start the conversation about this property.