Seller's Agent in 2026
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
4 in this area
205 Total Sales
751 Cerritos Ave Long Beach, CA 90813
Hellman Neighborhood
18
Beds
18
Baths
6,938
Sq Ft
7,338
Sq Ft Lot
About This Home
As of August 2024HIGHEST CAP RATE & LOWEST PRICE PER DOOR 1980s-CONSTRUCTION APARTMENT BUILDING IN LONG BEACH Pride of Ownership 1980s Construction asset offering a current 6.57% CAP Rate and 10.42 GRM. Priced at only $290,000 per unit, 753 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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 7,338
Parking
- 14 Car Attached Garage
Interior Spaces
- 6,938 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 18 Bedrooms
- 18 Bathrooms
Additional Features
- 7,338 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 10 Units
Listing and Financial Details
- Assessor Parcel Number 7266-004-043
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2024
Closed on
Aug 9, 2024
Sold by
Bought by
Seller's Agent
Jon Swire
The Agency
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,349,000
Sold Price
$2,349,000
Views
19
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
6.95%
Purchase Details
Closed on
Apr 6, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,456,000
Interest Rate
4.1%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 17, 2010
Sold by
Bought by
Purchase Details
Closed on
Jun 7, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$749,999
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 5, 1999
Sold by
Bought by
Purchase Details
Closed on
Sep 24, 1998
Sold by
Bought by
Purchase Details
Closed on
Sep 9, 1994
Sold by
Bought by
Purchase Details
Closed on
Aug 20, 1994
Sold by
Bought by
Purchase Details
Closed on
May 10, 1994
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,349,000 | Fidelity National Title | ||
| $1,850,000 | Wfg Title Company Of Ca | ||
| -- | None Available | ||
| $1,100,000 | Fidelity National Title | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | Fidelity National Title Ins | ||
| $280,000 | Continental Lawyers Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,120,000 | ||
| Closed | $235,000 | ||
| Closed | $1,880,000 | ||
| Previous Owner | $2,175,000 | ||
| Previous Owner | $1,750,000 | ||
| Previous Owner | $1,456,000 | ||
| Previous Owner | $700,000 | ||
| Previous Owner | $749,999 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/20/2026 07/20/26 | Price Changed | $2,900,000 | 0.0% | $302 / Sq Ft |
| 07/20/2026 07/20/26 | For Sale | $2,900,000 | +2.7% | $302 / Sq Ft |
| 07/14/2026 07/14/26 | Off Market | $2,825,000 | -- | -- |
| 07/01/2026 07/01/26 | For Sale | $2,825,000 | 0.0% | $294 / Sq Ft |
| 06/25/2026 06/25/26 | Off Market | $2,825,000 | -- | -- |
| 06/03/2026 06/03/26 | For Sale | $2,825,000 | -0.9% | $294 / Sq Ft |
| 05/28/2026 05/28/26 | Off Market | $2,850,000 | -- | -- |
| 04/28/2026 04/28/26 | Price Changed | $2,850,000 | -3.4% | $297 / Sq Ft |
| 03/17/2026 03/17/26 | For Sale | $2,950,000 | +25.6% | $307 / Sq Ft |
| 08/16/2024 08/16/24 | Sold | $2,349,000 | 0.0% | $339 / Sq Ft |
| 06/05/2024 06/05/24 | Pending | -- | -- | -- |
| 05/13/2024 05/13/24 | For Sale | $2,349,000 | -- | $339 / Sq Ft |
Source: The MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $31,887 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Samimi
-
Jon Swire
Seller's Agent in 2024
Jon Swire
The Agency
(310) 948-2631
4 in this area
38 Total Sales
Map
Source: The MLS
MLS Number: 24-391473
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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