753 Cerritos Avenue Long Beach, CA $ 2,900,000
753 Cerritos Avenue
$ 2,900,000
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753 Cerritos Avenue

Long Beach, CA, 90813
$ 2,900,000
Baths1.0 Sq 9,600

Monthly Estimate*

$ 18,311

Listed by Lyon Stahl Investment Real Estate, Inc.
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Studio

Multi-Family Home for sale in Long Beach, CA

for $2,900,000 with 1 full bath. This 9,600 square foot home was built in 1987 on a lot size of 0.1685.

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.

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Multi-Family Active

Price

$ 2,900,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1685

Year Built

1987

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB26159474

Days on Market

8

Features
General
Sewer Public Sewer
Garage Spaces 0
Pool Features None
Year Built 1987
Tenant Pays Electricity Gas
Property Subtype Apartment
Gross Income 278424
Community Features Urban
County Los Angeles
Net Operating Income 190500
Operating Expense 79571
Insurance Expense 12000
New Construction false
Property Type Residential Income
MaintenanceExpense 6500
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Off of Alamitos Ave and E 7th St
City Long Beach
Entry Location 1
Senior Community Y/N false
Number Of Units Total 10
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 7338
Carport Y/N true
Number of Units Leased 10
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 10000
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 1234
Total Actual Rent 22452
Property Sub Type Additional Apartment
Expected Active Date 2026-07-22
Taxes 36250
Cap Rate 6.57
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Interior
Total Stories 3
Common Walls 2+ Common Walls
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Carport
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 0
Lot Size Area 7338
Number of Buildings 1
Building Area Total 9600
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

$18,311
Per Month
100%
0%
0%
Monthly Principal & Interest
$18,311
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
7/21/2026$2,900,000 Listed Price

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753 Cerritos Avenue, Long Beach, CA, 90813 is a Multi-Family Home for sale at $2,900,000 with 9,600 sqft and a lot size of 0.1685. 753 Cerritos Avenue is a studio with 1.0 baths and was built in 1987. The property's zip code is 90813 which is in Long Beach, CA