- 7 Beds
- 7 Baths
- .17 Acres
- 118 DOM
753 Cerritos
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.
Essential Information
- MLS® #SB25049974
- Price$2,990,000
- Bedrooms7
- Bathrooms7.00
- Acres0.17
- TypeResidential Income
- Sub-TypeRes Income 2-4 Units
- StatusActive
Community Information
- Address753 Cerritos
- AreaLONG BEACH (90813)
- CityLong Beach
- CountyLos Angeles
- StateCA
- Zip Code90813
Amenities
- PoolN/K
Interior
- FireplaceYes
Additional Information
- Date ListedMarch 6th, 2025
- Days on Market118
- ZoningAssessor
Listing Details
Office
Lyon Stahl Investment Real Estate, Inc.
Lyon Stahl Investment Real Estate, Inc..
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Listing information last updated on July 21st, 2025 at 4:45am PDT.