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Sold on 06/05/2024

751 Cerritos Ave, Long Beach, CA 90813

  • $2,996,996

    Last sold 06/05/2024 for $2.34M

  • 18

    bed

  • 18

    bath

  • 6,938

    Sqft ($339/Sqft)

Multi-family not for sale
Movoto is helping 68 homebuyers near you

About 751 Cerritos Ave

Property type Multi-family
Neighborhood
Year built 1987
HOA fee $0/month
Lot size 7,338 Sqft
Movoto estimate
Property description
PRICED TO SELL. 9X GRM and a 6.5% CAP on actual rents with upside to a 7.1% CAP. 10 units in Alamitos Beach in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Built in 1987, the property is professionally managed and well maintained. There are 14 onsite parking spaces - 1 for each unit plus 4 for rent. The 2nd floor units feature tall, vaulted ceilings and some have partial ocean views. The Property has an onsite laundry room. All units were updated from 2017-2019. The subpanels are 50 AMPS and the main panel is 200 AMPS. Plumbing is copper - Buyer to verify. Priced at only $340/SF. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND ACTUAL EXPENSES.
Listed by
Listing Agent - Jonathan Swire
Listing Office - The Agency
Source: The MLS mls logo
MLS#24-391473 • last updated 1 year ago
Movoto checked The MLS for data 5 minutes ago
Overview
Levels/Style Multi/Split
MLS # 24-391473
Type Residential Income
Status Sold
SqFt 6938
Lot Size (SqFt) 7338
Lot Size (Acres) 0.1684
Year Built 1987
Interior
Total # of Baths 18
Total # of Bedrooms 18
Exterior
# Parking Spaces 14
Parking Desc Attached
# Covered Parking Spaces 14
Add'l Structures None
Amenities / Utilities
Equipment None
Location
County Los Angeles
Zoning LBR2N
APN 7266-004-043
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 1850
Unit 1: # Beds 1
Unit 1: Rent 1850
Unit 2: Rent 2450
Unit 2: Furnished No
Unit 2: Projected Rent 2450
Unit 2: # Beds 2
Unit 2: # Baths 2
Unit 1: # Baths 1
Unit 2: Actual Rent 2495
Unit Type 2106, 2107
Unit 1: Actual Rent 1895
Total # Of Buildings 1
Net Operating Income 204000
Cap Rate 6.5
Vacancy Rate 0%
Gross Income 282000
Gross Operating Income 282000
Gross Rent Multiplier 9
Total Annual Expenses 78000
$2.99M
Range: $2.69M-$3.29M
Last 30 days 
  • Jul 2026
    mls logo MLS # SB26056907
  • Jul 20, 2026 Listed
    $2,900,000 (+2.7%)
  • Jun 3, 2026 Price Change
    $2,825,000 (-0.9%)
  • Apr 28, 2026 Price Change
    $2,850,000 (-3.4%)
  • Mar 9, 2026 Listed
    $2,950,000 (-1.3%)
  • Aug 2025
    mls logo MLS # SB25193309
  • Aug 27, 2025 Listed
    $2,990,000 (+27.3%)
  • Aug 2024
    Public Records
  • Aug 16, 2024 Sold
    $2,349,000
  • Aug 2024
    mls logo MLS # 24-391473
  • Aug 16, 2024 Sold
    $2,349,000
  • Jun 5, 2024 Pending
    —
  • May 13, 2024 Listed
    $2,349,000 (+27.0%)
  • May 2017
    Public Records
  • May 19, 2017 Sold
    $1,850,000 (+68.2%)
  • Oct 2004
    Public Records
  • Oct 13, 2004 Sold
    $1,100,000
  • 751 Cerritos Ave
    $2.34M
  • Central Long Beach
    $489K -8% y/y
  • 90813
    $580K -3% y/y
  • Long Beach
    $700K -4% y/y
No chart available
Statistics calculated by Movoto

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7/10
Lincoln Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 751 Cerritos Ave
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