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9,600 sqft

$2,900,000

753 Cerritos Avenue, Long Beach CA, 90813

Price per sqft$302.08
Built in1987
Property size9,600 sqft
Property typeCondominium

Overview

Active

Listed Jul 22, 2026

Updated Jul 23

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.

$19,294/mo

Est. mortgage payment based on a $2,900,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SB26159474

Interior Features

Basement
No

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Maintenance Expense
$6,500
55+/Senior Community
No

Listed by Cameron Samimi, Lyon Stahl Investment Real Estate, Inc., CA DRE 02035763

Listing Contact: 310-259-7556 

Based on information from the CRISNet MLS as of 7/23/2026, 5:40 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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