753 Cerritos

Long Beach, CA, 90813
For Sale $2,990,000
  • 0.17acre
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.

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Interested in this property or one like it? Reach out today to talk with advertising agent Shen Schulz.

Listed by:
Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
753 Cerritos is a Residential Income Apartment property located in Long Beach, California, featuring a 0.169 acre lot, MLS #SB25049974.

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Data last modified: 2025-05-06 20:17:37