Overview
- Apartment
- 0
- 1987
Description
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.
Address
Open on Google Maps- Address Cerritos
- City Long Beach
- State/county Los Angeles
- Zip/Postal Code 90813
Details
Updated on March 17, 2026 at 10:07 am- Property ID: HZSB26056907
- Price: $2,950,000
- Garage: 0
- Year Built: 1987
- Property Type: Apartment
- Property Status: ResidentialIncome
- Listed by: Cameron Samimi
- DRE #: 02035763
- Contact Mail: cameron@lyonstahl.com
- Brokered by: Lyon Stahl Investment Real Estate, Inc.
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