751 Cerritos, Long Beach, CA 90813
751 Cerritos, Long Beach, CA 90813
751 Cerritos, Long Beach, CA 90813
751 Cerritos, Long Beach, CA 90813
751 Cerritos, Long Beach, CA 90813
751 Cerritos, Long Beach, CA 90813
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Gloria Shepard

Gloria Shepard

+1(619) 889-8498
$ 2,825,000
Est. payment | /mo

7 Beds

8 Baths

7,338 Sqft Lot

Save
$ 2,825,000
Est. payment | /mo
Save

7 Beds

8 Baths

7,338 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26056907

Bedrooms 7

Lot Size 7,338 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

HIGHEST CAP RATE & LOWEST PRICE PER DOOR 1980s-CONSTRUCTION APARTMENT BUILDING IN LONG BEACH Pride of Ownership 1980s Construction asset offering a current 6.88% CAP Rate and 10.17 GRM. Priced at only $283,000 per unit, 751 Cerritos Ave stands out as the lowest price-per-door opportunity among comparable 1980s-built apartment buildings in Long Beach, making it an exceptional opportunity for investors seeking strong cash flow, quality construction, and long-term upside. 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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction 710 Fwy to Anaheim St, east to Cerritos Ave, south to property

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Senior Community No

Tax ID 7266004043

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

MLS Router / San Diego MLS
Listed by Cameron Samimi, DRE#02035763 Lyon Stahl Investment Real Estate, Inc. 

NEARBY SCHOOL & BUSINESS

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Gloria Shepard

Gloria Shepard

CA DRE #01040966

+1(619) 889-8498

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