753 Cerritos
Long Beach, CA 90813
- – beds
- – baths
- – sqft
- 7,338 sqft lot
- 1987 build
- – on site
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.
Last checked:
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Last updated Mar 11, 2025
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MLS# SB25049974 —
The Building
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Year Built:1987
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:6938.00
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Building Area Units:Square Feet
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Total Number Of Units:10
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# of Buildings:1
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Stories Total:3
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:10
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# of Separate Water Meters:1
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# of Separate Electric Meters:10
Interior
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Entry Location:1
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Laundry:Community
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Laundry:1
Location
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Directions:Off of Alamitos Ave and E 7th St
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Latitude:33.77631800
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Longitude:-118.17824000
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:0-1 Unit/Acre
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Lot Size Area:7338.0000
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Lot Size Acres:0.1685
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Lot Size SqFt:7338.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:1234
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Tax Lot:1234
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7266004043
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Showings Begin:2025-03-11
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Urban
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Carport
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Parking Spaces:14.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/11/25
Mar 11, 2025
|
Listed / Active | CRMLS_CA | $3,200,000 |
