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751 Cerritos Long Beach, CA $ 2,825,000
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$ 2,825,000 Get more info
751 Cerritos
$ 2,825,000
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751 Cerritos

Long Beach, CA, 90813
$ 2,825,000
Baths2.0 Sq 6,938

Monthly Estimate*

$ 17,394

Listed by Lyon Stahl Investment Real Estate, Inc.
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Studio

Single Family Home for sale in Long Beach, CA

for $2,825,000 with 2 full baths. This 6,938 square foot home was built in 1987 on a lot size of 0.1685.

HIGHEST CAP RATE & LOWEST PRICE PER DOOR 1980s-CONSTRUCTION APARTMENT BUILDING IN LONG BEACH Pride of Ownership 1980s Construction asset offering a current 6.63% CAP Rate and 10.51 GRM. Priced at only $283,000 per unit, 751 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, 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.

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Single Family Active

Price

$ 2,825,000

Bedrooms

Studio

Full Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

0.1685

Year Built

1987

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB26056907

Days on Market

102
Features
General
Sewer PublicSewer
Garage Spaces 0
Pool Features None
Year Built 1987
Tenant Pays Electricity Gas
Levels ThreeOrMore
Property Subtype Apartment
Gross Income 268872
Community Features Urban
County Los Angeles
Net Operating Income 186853
Operating Expense 73952
Insurance Expense 8673
New Construction false
Property Type ResidentialIncome
Contingency none
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions 710 Fwy to Anaheim St east to Cerritos Ave south to property
City Long Beach
Entry Location front
Senior Community Y/N false
Number Of Units Total 10
MLS Area 4 - Downtown Area Alamitos Beach
Lot Size Units SquareFeet
Lot Size Square Feet 7338
Number of Units Leased 9
Listing Terms Cash CashToNewLoan Conventional
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 4000
Water Sewer Expense 9000
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 8
Total Actual Rent 22406
Property Sub Type Additional Apartment
Expected Active Date 2026-03-17
Taxes 35625
Cap Rate 6.56
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Interior
Total Stories 3
Common Walls TwoCommonWallsOrMore
Laundry Features None
Entry Level 1
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Exterior
Parking Features OneSpace
Lot Features ZeroToOneUnitAcre
Water Source Public
Total Parking 0
Lot Size Area 7338
Number of Buildings 1
Building Area Total 6938
Lot Size Acres 0.1685
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 10
Number of Separate Electric Meters 10
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* Excluded Features
List By
Lyon Stahl Investment Real Estate, Inc.

Broker

cameron@lyonstahl.com

Email

Affordability Calculator

$17,394
Per Month
100%
0%
0%
Monthly Principal & Interest
$17,394
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/3/2026$2,825,000 -0.88% Price Down
4/28/2026$2,850,000 -3.39% Price Down
3/17/2026$2,950,000 Listed Price

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751 Cerritos, Long Beach, CA, 90813 is a Single Family Home for sale at $2,825,000 with 6,938 sqft and a lot size of 0.1685. 751 Cerritos is a studio with 2.0 baths and was built in 1987. The property's zip code is 90813 which is in Long Beach, CA

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