753 Cerritos, Long Beach CA, 90813

Active

753 Cerritos

Long Beach CA, 90813

$3,200,000

$461.23 per sqft

Active

6,938 sqft

Condos

Built in 1987

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

Pride of Ownership, 80's Construction - Current
5.41% CAP Rate and 12.39 GRM. Priced at only
$320k/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.

SB25049974

MLSⓇ ID

March 11, 2025

Listed

March 12, 2025

Updated

Interior Features

Total Stories: 3
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.17 Acres
Lot Features: 0-1 Unit/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 699 - Not Defined
Garage: No
Parking: Carport
Parking Total: 14
View: No
County: Los Angeles
Water Source: Public
Pool Features: None

Listing Contact: 310-425-9838

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/12/2025. 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. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/12/2025 at 10:42 AM UTC