$3,000,000
- Beds
- Unknown
- sq ft
- Unknown
753 Cerritos Ave, Long Beach, CA 90813
753 Cerritos Ave
Long Beach, CA 90813
- 24 days on market
- Price drop $200,000↓
Pride of Ownership, 80's Construction - Current
5.86% CAP Rate and 11.62 GRM. Priced at only
$300k/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 - one 2Bed+2Bath unit is
currently vacant. 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.
T he 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.
Details
Property type
Apartment
Lot size
7,338 sq ft
Price per sq ft
Unknown
Year built
1987
Price History
03/26/2025
CRMLS #SB25049974
Price change
$3,000,000
-6.25%
03/11/2025
CRMLS #SB25049974
Listed
$3,200,000
Schools & Community
Neighborhood:
Hellman
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 04/05/2025 at 9:55 AM
Listing updated: 03/26/2025 at 1:25 PM
Listed by: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838
MLS: CRMLS #SB25049974
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