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Listed by: Cameron Samimi (310) 259-7556 DRE #02035763 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$2,900,000
18 Beds
20 Baths
--sqft
751 Cerritos, Long Beach, CA 90813
$2,900,000
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Apartment
Built in 1987
$-- HOA
7,338 sqft lot
--/sqft
Description
HIGHEST CAP RATE & LOWEST PRICE PER DOOR 1980s-CONSTRUCTION APARTMENT BUILDING IN LONG BEACH
Pride of Ownership 1980s Construction asset offering a current 6.57% CAP Rate and 10.42 GRM. Priced at only $290,000 per unit, 753 Cerritos Ave stands out as the lowest price-per-door opportunity among comparable 1980s-built apartment buildings in Long Beach, making it an exceptional opportunity for investors seeking strong cash flow, quality construction, and long-term upside.
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, ...
- Houzeo last checked: 49 minutes ago
- Listing updated: July 21, 2026 at 2:51 am
- Source: California Regional MLS-CA | MLS#: SB26056907
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1987
HOA Fees
-
Finished Area
- sqft
Lot Size
7,338 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB26056907
MLS Status
Active
Days on Market
1
Cumulative Days on Market
107
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