Property Details
About this Property
Pride of Ownership, 80's Construction - Current 5.41% CAP Rate and 12.39 GRM. Priced at only $320k/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 - 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. T he 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.
MLS Listing Information
MLS #
CRSB25049974
MLS Source
California Regional MLS
Days on Site
11
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 9 | – |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Franklin Classical Middle School | public | 6-8 | 0.18 mi | |
| Lincoln Elementary School | public | K-5 | 0.34 mi | |
| Stevenson Elementary School | public | K-5 | 0.39 mi | |
| Renaissance High School For The Arts | public | 9-12 | 0.70 mi | |
| International Elementary School | public | K-5 | 0.71 mi | |
| Polytechnic High School | public | 9-12 | 0.79 mi | |
| Burbank Elementary School | public | K-5 | 0.80 mi | |
| Roosevelt Elementary School | public | K-5 | 0.82 mi | |
| Whittier Elementary School | public | K-5 | 0.92 mi | |
| Washington Middle School | public | 6-8 | 1.15 mi | |
| Alvarado Elementary School | public | K-5 | 1.19 mi | |
| Robinson Academy | public | K-8 | 1.19 mi | |
| Jessie Nelson Academy | public | 6-8 | 1.26 mi | |
| Willard Elementary School | public | K-5 | 1.27 mi | |
| Educational Partnership High School | public | 9-12 | 1.29 mi | |
| Edison Elementary School | public | K-5 | 1.32 mi | |
| Lee Elementary School | public | K-5 | 1.36 mi | |
| Chavez Elementary School | public | K-5 | 1.40 mi | |
| Mann Elementary School | public | K-5 | 1.55 mi | |
| Burnett Elementary School | public | K-5 | 1.55 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
753 Cerritos is a Residential Income in Long Beach, CA 90813. This – square foot property sits on a 7,338 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,200,000 and was built in 1987. This address can also be written as 753 Cerritos, Long Beach, CA 90813.
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This listing information is up-to-date as of March 11, 2025. For the most current information, please contact Cameron Samimi
