$2,900,000
 $15,568 est/mo Sourced by Back At You

753 Cerritos Avenue,Long Beach, CA 90813

Long Beach, CA 90813

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Description

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.

Details

MLS #SB26159474
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1987
Days On Site52
Listing Provided ByLyon Stahl Investment Real Estate, Inc. | Cameron Samimi

Features

SQ Feet9,600
Car PortYes
Story(s)3
Units10
Building(s)1
Acreage0.17

Exterior

Lot FeaturesZero To One Unit Acre

Parking

Parking FeaturesCarport
Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesUrban

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area699 Not Defined
Listing VS Median (in 90813)
Price:
$2,900,000
low | high
Med:
$888,500
100% of Average
sqft:
9,600
low | high
Med:
2,290
100% of Average
$ / sqft:
$302
low | high
Med:
$465
3.985647644496% of Average
On site:
52
low | high
Med:
96
54.166666666667% of Average
Sourced by Back At You

Market Activity 90813

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Additional Information

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Contact

Learn More About This Property

Stephen Jacobs

Stephen Jacobs

Desert Lifestyle Properties

00927784Accredited Buyer Representative, Resort Certification, Green Designated (760) 413-0117stephen@withaph.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area699 Not Defined
Listing VS Median (in 90813)
Price:
$2,900,000
low | high
Med:
$888,500
100% of Average
sqft:
9,600
low | high
Med:
2,290
100% of Average
$ / sqft:
$302
low | high
Med:
$465
3.985647644496% of Average
On site:
52
low | high
Med:
96
54.166666666667% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.175M - $3.625M
sqft: 7,000 - 12,000
Nearby Listings Property ImageNearby Listings Details
1025 Gaviota Avenue Property Photo 1
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1083 Gaviota Avenue Property Photo 1
$2,348,000
1083 Gaviota Avenue
Long Beach, CA 90813
1083 Gaviota Avenue Property Photo 1
$2,348,000
1083 Gaviota Avenue
Long Beach, CA 90813
Listing Updated: August 21, 2026 at 9:37:37 PM PDT

Stephen Jacobs - Desert Lifestyle Properties