For sale

Listed by: Lyon Stahl Investment Real Estate, Inc. • Cameron Samimi • Contact: 310-259-7556

$2,900,000

753 Cerritos Ave, Long Beach, CA 90813

18beds

18baths

9,600sqft

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Multi Family

Built in 1987

-- sqft lot

$-- Zestimate^®

$302/sqft

$-- HOA

What's special

Pride of Ownership, 80's Construction - Current 6.57% CAP Rate and 10.42 GRM. Priced at only $290K/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. 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, Broadway Block and Queen Mary Island.

108 days

15

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 18
Bathrooms: 18

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 9,600
Total interior livable area: 9,600 sqft

Property

Parking

Parking features: Carport
Has carport: Yes

Features

Entry location: 1
Pool features: None

Lot

Size: 7,338 Square Feet
Features: 0-1 Unit/Acre

Details

Parcel number: 7266004043
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1987

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Urban

Location

Region: Long Beach

Financial & listing details

Price per square foot: $302/sqft
Date on market: 7/22/2026
Cumulative days on market: 108 days
Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
Total actual rent: 22452
Tenant pays: Electricity, Gas

Estimated market value

Not available

Estimated sales range

Not available

$2,907/mo

Price history

Date	Event	Price
7/22/2026	Listed for sale	$2,900,000-3%$302/sqft
Source: CRMLS #SB26159474 Report a problem
8/23/2025	Listing removed	$2,990,000$311/sqft
Source: SDMLS #SB25049974 Report a problem
6/23/2025	Listed for sale	$2,990,000$311/sqft
Source: SDMLS #SB25049974 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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