751 Cerritos Ave

Long Beach, CA 90813

$2,950,000
Price
18
Beds
20
Baths
6,938 Sq. Ft.
$425 / Sq. Ft.
6,938
Sq. Ft.
$425
per Sq. Ft.
Get preapproved with Rocket Mortgage1
a view of a house with a garage
a front view of a house with a garden
a view of empty room with wooden floor
a kitchen with stainless steel appliances a sink stove and refrigerator
a bathroom with a sink vanity mirror and toilet
a bathroom with a bathtub and a shower
a living room with furniture and a flat screen tv
a view of a parking area
a view of a livingroom with furniture and a garage
a view of balcony with city and ocean view
an aerial view of residential houses with outdoor space
a view of a city with tall buildings
an aerial view of a city
a view of a city
a view of a city with tall buildings

Description

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....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.
  1. Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 751 Cerritos Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6938
Assessor Parcel Number
7266-004-043
Property Attached YN
true
LISTING UPDATED: 03/16/2026 05:36 PM

Property Details for 751 Cerritos Avenue

StatusActive
MLS #SB26056907
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1987
CountyLos Angeles County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763
Add your commute

Building Information for 751 Cerritos Avenue

Building/Complex751 Cerritos AveFloor-Stories3Residences-Pet Policy-Pet Policy Details-Year Built1987Building Size-

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$17,512 per month

30 year fixed, 6.46% Interest

Principal and Interest

$14,855

Property Taxes

$2,657

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 751 Cerritos Avenue

Rental Info
Rental Info
  • Tenant Pays: Gas, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $267,204
  • Gross Scheduled Income: $267,204
  • Vacancy Allowance: 8016
  • Gross Operating Income: $259,188
  • Net Operating Income: $184,052
  • Gross Multiplier: 11.04
  • Cap Rate: 6.24
Expense Details
  • Operating Expense: $75,136
  • New Taxes Expense: $36,875
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $8,673
  • Professional Management Expense: $10,688
  • Trash Expense: $4,000
  • Water Sewer Expense: $9,000
  • Total Expenses: $75,136
Tax / Assessment Info
  • Tax Tract Number: 0
  • CFD/Mello-Roos Fee: $2,076
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Parking Space
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Parking Space
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $1,904
  • Unit Type Total Rent: $1,904
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $2,227
  • Unit Type Total Rent: $2,227
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $2,754
  • Unit Type Total Rent: $2,754
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 2
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $2,232
  • Unit Type Total Rent: $2,232
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $2,179
  • Unit Type Total Rent: $2,179
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 4
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 5
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 6
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $2,285
  • Unit Type Total Rent: $2,285
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 7
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 8
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $2,286
  • Unit Type Total Rent: $2,286
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 9
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1

Property History for 751 Cerritos Avenue

DateEvent & SourcePriceAppreciation
Mar 17, 2026

Listed (Active)

CRMLS #SB26056907

$2,950,000—
Mar 17, 2026

Listed (Active)

CLAW #SB26056907MR

$2,950,000—
Mar 9, 2026

Listed (Active)

SDMLS #SB26056907

$2,950,000—
DateEvent & SourcePrice
03/17/2026

Listed (Active)

CRMLS #SB26056907

$2,950,000
03/17/2026

Listed (Active)

CLAW #SB26056907MR

$2,950,000
03/09/2026

Listed (Active)

SDMLS #SB26056907

$2,950,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 751 Cerritos Avenue

Taxable ValueLand$1,600,000Additions$749,000Total$2,349,000
Tax Record2025$31,887 ($2,657 / month)
Home Facts
Total Finished SqFt6,938 SqFtAbove Grade Finished SqFt6,938 SqFtLot Size7,338 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningLBR2NCountyLOS ANGELESAPN7266-004-043

Schools near 751 Cerritos Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Lincoln Elementary School
Public - K to 5
Franklin Classical Middle School
Public - 6 to 8
Polytechnic High School
Public - 9 to 12
Clear Passage Educational Center
Charter - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 751 Cerritos Avenue, Long Beach, CA 90813

751 Cerritos Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on March 9, 2026 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,950,000. It has been on the market for a total of 41 days and was last sold on August 16, 2024. This listing's school district is Long Beach Unified School District. Nearby schools include Lincoln Elementary School, Franklin Classical Middle School and Polytechnic High School. 751 Cerritos Avenue is a 18-bed, 20-bath, 6,938 sqft multi-family home built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.