753 Cerritos Avenue
Long Beach, CA 90813
18
Bed
18
Bath
7,338Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1987Building Area Total: 9600Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 7338 Lot Size Acres: 0.1685 Lot Size Source: Assessor Lot Size Square Feet: 7,338 Lot Description: ZeroToOneUnitAcre
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Listing Price Information
Listing Price: $2900000Cash, CashToNewLoan, Conventional, Exchange1031
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Tax Information
Parcel Number: 7266004043 Tax Lot: 1234
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Virtual Tour
Parking Information
Carport
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Location Information
Direction: Off of Alamitos Ave and E 7th St WaterSource: Public
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ByOwner last updated this listing 07/22/2026 @ 13:55
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