753 Cerritos Ave Long Beach, CA 90813
Hellman NeighborhoodEstimated payment $18,458/month
About This Home
Pride of Ownership, 80's Construction - Current 6.57% CAP Rate and 10.42 GRM. Priced at only $290K/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. 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. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 07/22/2026
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
- 9,600 Sq Ft Home
- 3-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 18 Bedrooms
- 18 Bathrooms
Parking
- Carport
- Parking Available
Location
- Urban Location
Listing and Financial Details
- Tax Lot 1234
- Tax Tract Number 1234
- Assessor Parcel Number 7266004043
Community Details
Building Details
- 10 Leased Units
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $900
- Insurance Expense $12,000
- Maintenance Expense $6,500
- Professional Management Expense $13,921
- Water Sewer Expense $10,000
- New Taxes Expense $36,250
- Operating Expense $79,571
- Gross Income $278,424
- Net Operating Income $190,500
Additional Features
- 10 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
|---|---|---|---|---|
| 07/22/2026 07/22/26 | For Sale | $2,900,000 | -- | $302 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,349,000 | Fidelity National Title | |
| Grant Deed | $1,850,000 | Wfg Title Company Of Ca | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $1,100,000 | Fidelity National Title | |
| Grant Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Fidelity National Title Ins | |
| Grant Deed | $280,000 | Continental Lawyers Title Co |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,120,000 | New Conventional | |
| Closed | $235,000 | No Value Available | |
| Closed | $1,880,000 | New Conventional | |
| Previous Owner | $2,175,000 | Commercial | |
| Previous Owner | $1,750,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $1,456,000 | Commercial | |
| Previous Owner | $700,000 | Commercial | |
| Previous Owner | $749,999 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26159474
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.
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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