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920 Cerritos Avenue, Long Beach, California 90813, Long Beach, 90813 - bed, bath

920 Cerritos Avenue, Long Beach, California 90813 home-pic-0
ACTIVE$1,200,000
920 Cerritos Avenue, Long Beach, California 90813
0Bed
0Bath
2,315Sqft
7,491Lot
Year Built
1913
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$518
HOA
-
Days on market
-
Sold On
-
MLS number
PW24236509
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(92th), sqft - 2315(50th), beds - undefined(50th), baths - undefined(50th).

**Charming Three-Unit Building in Prime Long Beach Location** Nestled just minutes from the beach and vibrant downtown Long Beach, this multi-unit property offers a unique investment opportunity or the perfect live/work arrangement. This sold-as-is building features three distinct units: **3-Bedroom, 1-Bathroom Unit**: This main unit is located at the front of the property and offers a spacious, open layout with modern finishes throughout. The large, well-appointed kitchen and inviting living areas create a perfect cozy family home. With its bright, airy atmosphere and functional design, it provides a comfortable and stylish living experience. **2-Bedroom, 1-Bathroom Unit**: A charming, cozy space perfect for tenants or a smaller family. The unit boasts updated features, ample natural light, and a functional floor plan, ensuring both comfort and convenience. **Owner’s Studio Unit**: A private and well-appointed studio, offering a peaceful retreat with a kitchenette, full bath, and space to live comfortably while being steps from your rental income potential. Property includes two oversized two car garages with alley access and units above. Potentially converting the garages into additional units. Enjoy the best of coastal living, with the beach, dining, shopping, and entertainment. Whether you're looking to expand your investment portfolio or live in one unit while renting the others, this property offers endless possibilities. Don't miss out on this incredible opportunity in one of Long Beach’s most desirable locations!

Condition Rating
Fair
The property, built in 1913, features a mix of renovation ages across its three units. The main 3-bedroom unit boasts modern finishes, including a recently updated kitchen with light gray shaker cabinets, white quartz countertops, and a hexagonal marble-look backsplash, along with an updated bathroom. However, the other units (2-bedroom and studio) show older updates, likely 15-20 years old, with dated white cabinets, laminate countertops, and older appliances in their kitchens, and older-style bathrooms. The overall property is sold 'as-is,' and given its 111-year age, major systems (plumbing, electrical, HVAC, roof) are likely outdated or beyond their expected lifespan, despite the interior cosmetic updates in some units. The presence of window AC units further indicates a lack of modern central cooling. While one unit is in excellent condition, the property as a whole requires consideration for its age and the 'as-is' sale, suggesting potential for substantial repairs and rehabilitation of underlying infrastructure.
Pros & Cons

Pros

Diverse Income Streams: Triplex configuration with three distinct units (3B/1B, 2B/1B, Studio) provides multiple rental income opportunities or a flexible live/work setup.
Prime Coastal & Urban Location: Situated minutes from Long Beach's vibrant downtown, beaches, dining, shopping, and entertainment, offering a highly desirable lifestyle for tenants and owner-occupants.
Significant Development Potential: Includes two oversized two-car garages with alley access, presenting a clear opportunity for conversion into additional dwelling units (ADUs) to maximize income.
Spacious & Updated Main Unit: The primary 3-bedroom unit boasts a spacious, open layout with modern finishes and a well-appointed kitchen, enhancing its appeal for owner-occupancy or premium rental.
Generous Lot Size: A substantial 7,491 sqft lot provides ample space, which is a valuable asset in a dense urban/coastal environment, potentially allowing for future enhancements or outdoor amenities.

Cons

Sold in As-Is Condition: The property is explicitly sold 'as-is,' indicating that the buyer will be responsible for any necessary repairs, upgrades, or deferred maintenance, which could entail significant unforeseen costs.
Historic Property Maintenance: Built in 1913, the property's age suggests potential for outdated infrastructure (plumbing, electrical, HVAC) and ongoing maintenance challenges typical of historic buildings, despite some interior updates.
Unspecified Capital Expenditures: The 'as-is' sale combined with the property's age and lack of detailed infrastructure condition reports implies potential for substantial, unspecified capital expenditures required post-purchase.

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