Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    751 Cerritos Ave Long Beach, CA 90813

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,950,000

    Well-maintained multifamily property near Downtown Long Beach development.

    Property size:
    6,938 SF
    Lot size:
    7,338.00 Acres

    Property Features for 751 Cerritos Ave

    General Information

    Standard status
    Active
    Zoning
    LBR2N
    Size
    6,938 SF
    Lot size
    7,338.00 Acres

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Cameron Samimi
    Cameron Samimi
    Source: Crexi

    Listing Agency: Lyon Stahl Investment Real Estate Listing Agent: Cameron Samimi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Long Beach Multifamily Investment Opportunity

    This multifamily property, constructed in the 1980s, presents an investment opportunity with a current 6.24% CAP Rate and an 11.04 GRM. The property consists of eight 2-bedroom, 2-bathroom units and two 1-bedroom, 1-bathroom units. One of the 2-bedroom, 2-bathroom units is currently vacant. Several units have been renovated with new floors, cabinets, appliances, bathrooms, and fixtures. On-site amenities include tuck-under parking and a laundry room. The property is located near Downtown Long Beach, an area experiencing approximately $6 billion in development, including projects such as the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, and Queen Mary Island. The property size is 6938 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.1782371
    Latitude
    33.7763177

    Nearby Similar for Sale

    • $899,000
      2,557 SF

      Long Beach Multi-Unit Commercial Property

      Thriving commercial property with versatile spaces and strong investment potential.
      702 Cedar Ave, Long Beach, CA 90813
      View Details
    • $949,999
      3,960 SF

      Long Beach Commercial Owner-User Opportunity

      Versatile light-industrial property with office space and a spacious yard.
      2109 W Gaylord St, Long Beach, CA 90813
      View Details
    • New
      $1,550,000
      5,050 SF

      Long Beach Commercial Asset For Sale

      Commercial property with high traffic, development potential in Long Beach.
      1810 E Anaheim St, Long Beach, CA 90813
      View Details
    • $1,250,000
      Pending

      East Long Beach Commercial Property

      Commercial property in East Long Beach with high accessibility.
      3535 E 7Th St, Long Beach, CA 90804
      View Details
    • $550,000
      Pending

      Long Beach Live/Work Loft

      Versatile live/work loft in the East Village Arts District.
      834 E 4Th St, Long Beach, CA 90802
      View Details
    • $5,000,000
      7,226 SF

      Long Beach Car Wash Opportunity

      Entitled car wash with development potential near Metro Blue Line.
      1801 Long Beach Blvd, Long Beach, CA 90806
      View Details
    • $1,100,000
      2,040 SF

      Prime Retail Space in Long Beach

      Versatile retail/office space with high visibility in Long Beach.
      1598 Long Beach Blvd, Long Beach, CA 90813
      View Details
    • New
      $1,200,000
      750 SF

      Long Beach Commercial Opportunity

      Commercial property with drive-thru, parking, and patio in Long Beach.
      2941 E Artesia Blvd, Long Beach, CA 90805
      View Details
    • New
      $895,000
      Pending

      Spacious Duplex in Dynamic Long Beach

      Large duplex with updated interiors, impressive rental potential.
      643 Elm Ave, Long Beach, CA 90802
      View Details
    • $3,500,000
      5,956 SF

      Long Beach Commercial Property For Sale

      Spacious 5,900 SF commercial property in Long Beach's Eastside.
      3444 E Anaheim St, Long Beach, CA 90804
      View Details
    • $999,000
      1,846 SF

      Long Beach Commercial Opportunity

      Prime location retail and office space in Long Beach, CA.
      1598 Long Beach Blvd, Long Beach, CA 90813
      View Details
    • $1,200,000
      2,556 SF

      Long Beach Commercial Opportunity

      Commercial property in Long Beach with upside potential.
      456 E Market St, Long Beach, CA 90805
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained multifamily property near Downtown Long Beach development.
    Where is this apartment building located?
    The property is located at 751 Cerritos Ave Long Beach, CA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Strong Cash Flow: Current 6.24% CAP Rate and 11.04 GRM.; - Priced at $295k/unit.; - Well-maintained asset built in 1987.
    (310) 259-7556
    Request Owner's contact information
    751 Cerritos Ave Long Beach, CA 90813
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    751 Cerritos Ave
    Long Beach, CA 90813
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    751 Cerritos Ave Long Beach, CA 90813
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cameron Samimi
    Cameron Samimi
    Real Estate License ID: 02035763
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!