751 Cerritos Ave Long Beach, CA 90813
Hellman NeighborhoodEstimated payment $18,086/month
About This Home
Pride of Ownership, 80's Construction - Current 6.24% CAP Rate and 11.04 GRM. Priced at only $295k/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.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 03/17/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 7,338 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,938 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 18 Bedrooms
- 20 Bathrooms
Parking
- Parking Available
- Parking Lot
Location
- Urban Location
Listing and Financial Details
- Tax Lot 8
- Assessor Parcel Number 7266004043
- $2,076 per year additional tax assessments
Community Details
Overview
- 10 Units
Building Details
- 9 Leased Units
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $8,673
- Professional Management Expense $10,688
- Trash Expense $4,000
- Water Sewer Expense $9,000
- New Taxes Expense $36,875
- Operating Expense $75,136
- Gross Income $267,204
- Net Operating Income $184,052
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $28,048 | $2,349,000 | $1,600,000 | $749,000 |
| 2024 | $28,048 | $2,104,980 | $1,473,487 | $631,493 |
| 2023 | $27,566 | $2,063,707 | $1,444,596 | $619,111 |
| 2022 | $25,885 | $2,023,243 | $1,416,271 | $606,972 |
| 2021 | $25,346 | $1,983,572 | $1,388,501 | $595,071 |
| 2019 | $24,982 | $1,924,740 | $1,347,318 | $577,422 |
| 2018 | $24,309 | $1,887,000 | $1,320,900 | $566,100 |
| 2016 | $14,866 | $1,165,562 | $656,933 | $508,629 |
| 2015 | $14,286 | $1,148,055 | $647,066 | $500,989 |
| 2014 | $14,225 | $1,125,567 | $634,391 | $491,176 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/17/2026 03/17/26 | For Sale | $2,950,000 | +25.6% | $425 / Sq Ft | |
| 08/16/2024 08/16/24 | Sold | $2,349,000 | 0.0% | $339 / Sq Ft | View Prior Sale |
| 06/05/2024 06/05/24 | Pending | -- | -- | -- | |
| 05/13/2024 05/13/24 | For Sale | $2,349,000 | -- | $339 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26056907
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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