Pride of Ownership, 80's Construction - Current

5.86% CAP Rate and 11.62 GRM. Priced at only

$300k/unit, 753 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.

T he 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.