753 Cerritos Ave

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Address: 753 Cerritos Ave, Long Beach, CA 90813, USA
California & West + Apartment Buildings
Created date: March 16, 2026
Date last updated: July 22, 2026
Price: $2,900,000Investment Analyzer NEW!
  • Current 6.24% Cap Rate & 11.04 GRM - 80's construction
  • Priced at only $295k/unit
  • (8) 2Bed+2Bath and (2) 1Bed+1Bath units-One unit is currently vacant
  • Perfect opportunity for exchange buyer looking for very low maintenance and high cash-flow

Property Description

Pride of Ownership, 80's Construction - Current 6.24% CAP Rate and 11.04 GRM. Priced at only $295k/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. 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.
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Broker Details

Cameron Samimi
Cameron Samimi

Samimi Investment Real Estate (310) 259-7556

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,900,000
No. of Units: 10
Year Built: 1987
Lot Size: 0.17 Acres
Opportunity Zone: No
Price per unit: $290,000
Property Website Click Here
Address: 753 Cerritos Ave, Long Beach, CA 90813, USA
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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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