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Pride of Ownership, 80's Construction - Current5.41% CAP Rate and 12.39 GRM. Priced at only$320k/unit, 753 Cerritos Ave is the ideal opportunityfor any investor looking for a well-maintained assetwith strong cash flow.The property is comprised of (8) 2Bed+2Bath and(2) 1Bed+1Bath units - one 2Bed+2Bath unit iscurrently vacant. A handful of units have beenrenovated, including new floors, cabinets,appliances, bathrooms and fixtures. There is ampletuck-under parking and a laundry room on site.T he subject property is located just outside 6 Billiondollars worth of development flooding intoDowntown Long Beach, including the Long BeachCivic Center, Long Beach Aquarium, OceanAireProject, CSULB Downtown Village, Broadway Blockand Queen Mary Island.
Property Type(s):
Residential Income
| Last Updated | 3/11/2025 | Year Built | 1987 |
|---|---|---|---|
| Community | Not Defined | County | Los Angeles |
Additional Details
| AREA | Not Defined |
|---|---|
| GARAGE | Carport |
| LOT | 7338 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Carport |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| WATER | Public |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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