Long Beach, CA
$2,900,000
753 Cerritos Avenue, Long Beach, CA
1987
Built
0
Days listed
About this home
Pride of Ownership, 80's Construction - Current 6.57% CAP Rate and 10.42 GRM. Priced at only $290K/unit, 753 Cerritos Ave is the ideal opportunity for any investor looking for a well-maintained asset with strong cash flow. The property is comprised of (8) 2Bed+2Bath and (2) 1Bed+1Bath units. A handful of units have been renovated, including new floors, cabinets, appliances, bathrooms and fixtures. There is ample tuck-under parking and a laundry room on site. 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.
Facts & features
Interior
- Laundry
- Common Area
Exterior & lot
- Lot size
- 0.169 acres (7,338 sq ft)
- Pool
- None
- Year built
- 1987
- Parking
- Carport
Community
- Area
- 699 - Not Defined
- County
- Los Angeles
- Community features
- Urban
Listing details
- Status
- Active
- Property type
- Apartment
- Days on market
- 0
- Listed
- 2026-07-20
- Terms
- Cash, Cash To New Loan, Conventional, Exchange 1031
- Parcel #
- 7266004043
- MLS #
- SB26159474
Listed by
Cameron Samimi · Lyon Stahl Investment Real Estate, Inc.
