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751 Cerritos
For Sale $2,850,000
$2,850,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 7,338 Sq Ft
Description
Pride of Ownership, 80's Construction - Current 6.56% CAP Rate and 10.60 GRM. Priced at only $285k/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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,850,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1987 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7266004043 |
| MLS # | SB26056907 |
| Property ID | 322677592 |
| Lot Sqft | 7,338 |
| Zoning | Unknown |
| Total Units | 10 |
| Days on Market | 61 |
| Original List Price | $2,950,000 |
| Date Updated | April 28, 2026 |
| Date Created | March 09, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $22,406 | $0 |
| Net Income (Yr) | $ 186,853 |
| Cap Rate | 6.56% |
Listing Provided By
Cameron Samimi an agent of . Lic #02035763
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of April 28, 2026 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.
Robert Crawford
REAL ESTATE AGENT