Properties
Long Beach, CA 90813 751 Cerritos
$2,950,000
10 more
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.;
Baths • 2
SQFT • 6,938
Home Details
Pride of Ownership, 80's Construction - Current 6.24% CAP Rate and 11.04 GRM. Priced at only $295k/unit, 751 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.
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 751 Cerritos
Other Interior Features
Common Walls2+ Common Walls
Laundry FeaturesNone
Total Stories3
Other Rooms
Entry Level1
General for 751 Cerritos
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate6.24
CityLong Beach
Community FeaturesUrban
Contingencynone
CountyLos Angeles
Directions710 Fwy to Anaheim St, east to Cerritos Ave, south to property
Electric Expense
Entry Locationfront
Expected Active Date 2026-03-17
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income267204
Insurance Expense8673
Land Lease Y/NNo
LevelsThree Or More
Listing TermsCash, Cash to New Loan, Conventional
Lot Size Square Feet7338
Lot Size UnitsSquare Feet
MLS Area4 - Downtown Area, Alamitos Beach
Net Operating Income184052
New ConstructionNo
Number Of Units Total10
Number of Units Leased9
Operating Expense75136
Pool FeaturesNone
PostalCityLONG BEACH
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot8
Taxes$36,875
Tenant PaysElectricity, Gas
Total Actual Rent20017
Trash Expense4000
Water Sewer Expense9000
Year Built1987
Year Built SourceAssessor
Exterior for 751 Cerritos
Building Area Total6938
Lot Features0-1 Unit/Acre
Lot Size Acres0.1685
Lot Size Area7338
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Parking FeaturesOne Space
Private PoolNo
Total Parking0
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
