753 Cerritos Avenue, Long Beach, CA 90813

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Beds

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Baths

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Sq ft

About this home

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.

Type

Apartment

Year built

1987

Lot

7,338 sq ft

Garage

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HOA

None

Pool

View

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Solar

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Estimated payment

$18,289/mo

Principal & interest$14,664
Property tax (est.)$2,779
Home insurance (est.)$846

Down payment: 20% ($580,000)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Cameron Samimi, Lyon Stahl Investment Real Estate, Inc., 310-259-7556. MLS# SB26159474. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 10:09 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.