751 Cerritos, Long Beach, CA — listing photo 1
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FOR SALE

751 Cerritos

Long Beach, CA 90813
7,338 Lot Sq Ft
Built 1987
$2,900,000
Price ReducedWas $2,950,000 — $2,900,000 (-$50,000)

Property Overview

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, 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.

Home Details

Property type
Residential Income - Apartment
Year built
1987
Lot size
7,338 sq ft
Stories
3
Days on market
107
MLS status
Active

Features & Amenities

Parking

  • One Space

Pool

  • None

Lot

  • Zero To One Unit Acre

Community, Schools & Utilities

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

751 Cerritos

Long Beach, CA 90813

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Frequently Asked Questions About 751 Cerritos

Property type: Residential Income

The current asking price is $2,900,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 751 Cerritos. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1987. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Long Beach, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Long Beach property.
The MLS currently reports the property as Active. It has been listed for 107 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Cameron Samimi
MLS ID: SBSAMICAM

Available property

$2,900,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.