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751 Cerritos, Long Beach, CA 90813

Long Beach
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
751 Cerritos,Long Beach, CA 90813
$2,900,000
  • - Beds
  • - Baths
  • 9,600 sq. ft.
  • Multi-family
  • Active
Listed by: cameron samimi
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26056907
Source:CRMLS

Price summary

  • Price:$2,900,000
  • Price per sq. ft.:$302.08

About this home

HIGHEST CAP RATE & LOWEST PRICE PER DOOR 1980s-CONSTRUCTION APARTMENT BUILDING IN LONG BEACH Pride of Ownership 1980s Construction asset offering a current 6.57% CAP Rate and 10.42 GRM. Priced at only $290,000 per unit, 753 Cerritos Ave stands out as the lowest price-per-door opportunity among comparable 1980s-built apartment buildings in Long Beach, making it an exceptional opportunity for investors seeking strong cash flow, quality construction, and long-term upside. 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. 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,...

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Home facts

  • Year built:1987
  • Listing ID #:SB26056907
  • Added:126 day(s) ago
  • Updated:July 21, 2026 at 02:12 PM

Rooms and interior

  • Living area:9,600 sq. ft.

Structure and exterior

  • Year built:1987
  • Building area:9,600 sq. ft.
  • Lot area:0.17 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,900,000
  • Price per sq. ft.:$302.08

Parking

  • Parking description:One Space
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