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. 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.
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
Multi Family
Built in 1987
-- sqft lot
$-- Zestimate®
$302/sqft
$-- HOA
What's special
- 154 days
- 73
- 8
Zillow last checked:
Listing updated:
Listed by:
Cameron Samimi DRE #02035763 310-259-7556,
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: SB26159474
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & 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: 154 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
$2,348/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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Hellman
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