Listing provided courtesy of: Lyon Stahl Investment Real Estate, Inc..
753 Cerritos Ave
Long Beach, CA 90813-
Est. Payment/ mo
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.
PROPERTY DETAILS
- Price $2,990,000
- Price / Sq Ft $407
- Bldg/Unit Size (Sq Ft) 7,340
- Building Units 10
- Land/Lot Size (Sq Ft) 7,340
- Property Type Residential Income
- Floors / Stories 3
- Year Built 1987
- MLS Number SB25049974
- Days on Market 56
CONSIDER SIMILAR LISTINGS
DISCLAIMERS, ANCILLARY INFO, DISCLOSURES & OTHER LEGAL STUFF
Listing provided courtesy of: Lyon Stahl Investment Real Estate, Inc.. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Based on information from California Regional MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. © 2025 by California Regional MLS. All rights reserved. Listing last updated on 05/06/2025 23:31:56
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