$2,825,000
-$25,000751 Cerritos, Long Beach CA 90813
Multi-Family (10 Units)
Property type
81 days
On market
$407
Price per sqft
0 cars
Garage
1987
Year built
7,338 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Cameron Samimi DRE #02035763, Lyon Stahl Investment Real Estate, Inc.
Listing updated: Jun 4, 2026 at 12:29am.
Last checked: Jun 4, 2026 at 01:00am
Source: CRMLS #SB26056907
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 2 | — | $1,904 | $1,904 | $2,000 | — |
| 1 | 2 | 2 | — | $2,754 | $2,754 | $2,800 | — |
| 1 | 2 | 2 | — | $2,232 | $2,232 | $2,800 | — |
| 1 | 2 | 2 | — | $2,179 | $2,179 | $2,800 | — |
| 1 | 2 | 2 | — | $2,250 | $0 | $2,800 | — |
| 1 | 1 | 2 | — | $1,861 | $1,900 | $2,000 | — |
| 1 | 2 | 2 | — | $2,285 | $2,285 | $2,800 | — |
| 1 | 2 | 2 | — | $2,250 | $2,250 | $2,800 | — |
| 1 | 2 | 2 | — | $2,286 | $2,286 | $2,800 | — |
| 1 | 2 | 2 | — | $2,405 | $2,405 | $2,800 | — |
# of Buildings: 1
# of Units Total: 10
Separate Electric Meters: 10
Separate Gas Meters: 10
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 9
Total Actual Rent: $22,406
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
10.5x
List Price / Annual Gross Rent
Cap Rate
6.56%
NOI / List Price
Gross Scheduled Income: $268,872
Vacancy Allowance: $8,066
Operating Expense: $73,952
Net Operating Income: $186,853
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $8,673
New Taxes: $35,625
Professional Management: $10,755
Trash: $4,000
Water / Sewer: $9,000
Interior
Laundry: None
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 3
Levels: Three Or More
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: One Space
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7266004043
Additional Parcels: No
Tax Lot: 8
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 751 Cerritos, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,260,000
Total Interest
$2,882,505
Total Payment
$5,142,505
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,377
per month
Property History for 751 Cerritos
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
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