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California>Long Beach>Hellman

751 CerritosLong Beach, CA 90813

For Sale

$2,825,000

Smart Buyer Rebate $28,250

HIGHEST CAP RATE & LOWEST PRICE PER DOOR 1980s-CONSTRUCTION APARTMENT BUILDING IN LONG BEACH

Pride of Ownership 1980s Construction asset offering a current 6.63% CAP Rate and 10.51 GRM. Priced at only $283,000 per unit, 751 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.

Listed by Cameron Samimi

·

License #02035763

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Lyon Stahl Investment Real Estate, Inc.

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310-259-7556

Last updated June 03, 2026

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Source: CRMLS #SB26056907

Listing Facts

  • TypeMulti-family
  • NeighborhoodHellman
  • Days on Prevu91

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

06/03/2026
Status changed to Active
$2,825,000
06/03/2026
Price Decreased
$2,825,000
05/29/2026
Status changed to Withdrawn
$2,850,000
04/28/2026
Price Decreased
$2,850,000
03/17/2026
Listed by Lyon Stahl Investment Real Estate, Inc.
$2,950,000

Property Details for 751 Cerritos

Association

Amenities

  • Community Features: Urban

Exterior

Construction

  • Number Of Units Total: 10
  • Property Attached: Yes
  • Stories Total: 3
  • Year Built: 1987
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: front

Measurements

  • Building Area Total: 6,938
  • Building Area Units: Square Feet
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.16
  • Lot Size Area: 7,338
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7,338
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.56
  • Gross Income: $268,872.00
  • Operating Expense: $73,952.00

Taxes

  • Parcel Number: 7266004043

Other

Location

  • Tax Lot: 8

Parking

Parking

  • Parking Features: One Space

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 751 Cerritos.

How does 751 Cerritos compare to other multi-family homes in Hellman?

This multi-family home is listed 33% above the average price for multi-family homes in Hellman and has been on the market for 43 more days than the typical home in this area.

751 Cerritos is a -bedroom multi-family home for sale in Long Beach CA 90813. Available on Prevu for 91 days at $2,825,000. This includes a recent price decrease of $25,000. This home is located in Hellman. The median listing price for multi-family homes in this area is $1,800,000. Property amenities include parking. View other multi-family home listings in Long Beach.

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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.