348 Cerritos Avenue Long Beach, CA ^$ 2,250,000

348 Cerritos Avenue

^$ 2,250,000

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348 Cerritos Avenue

Long Beach, CA, 90802

^$ 2,250,000

Bedrooms16 Baths9.0 Sq 6,232

Monthly Estimate*

^$ 15,717

Listed by Belmont Brokerage & Mgmt. INC.

348 Cerritos Avenue, Long Beach, CA 90802 - Image 1

348 Cerritos Avenue, Long Beach, CA 90802 - Image 2

348 Cerritos Avenue, Long Beach, CA 90802 - Image 3

348 Cerritos Avenue, Long Beach, CA 90802 - Image 4

348 Cerritos Avenue, Long Beach, CA 90802 - Image 5

348 Cerritos Avenue, Long Beach, CA 90802 - Image 6

348 Cerritos Avenue, Long Beach, CA 90802 - Image 7

348 Cerritos Avenue, Long Beach, CA 90802 - Image 8

348 Cerritos Avenue, Long Beach, CA 90802 - Image 9

348 Cerritos Avenue, Long Beach, CA 90802 - Image 10

348 Cerritos Avenue, Long Beach, CA 90802 - Image 11

348 Cerritos Avenue, Long Beach, CA 90802 - Image 12

348 Cerritos Avenue, Long Beach, CA 90802 - Image 13

348 Cerritos Avenue, Long Beach, CA 90802 - Image 14

348 Cerritos Avenue, Long Beach, CA 90802 - Image 15

Multi-Family Home for sale in Long Beach, CA

for $2,250,000 with 16 bedrooms and 9 full baths. This 6,232 square foot home was built in 1963 on a lot size of 0.1435.

Well kept 8 unit apartment building built in 1963 in great Downtown rental area. 7 two bedroom/one bath units and 1 two bath/two bath units. Over $49,000 recently spent to paint the exterior and install a new roof. Many long term tenants with lower than market rents. Current rents average $1,819 ($14,552 per month). Current Market rents average $2,481 per month or $19,948 per month. Market rents based on RentOmeter analysis.

Multi-Family Pending

Price

^$ 2,250,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.1435

Year Built

1963

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24063142

Days on Market

Features

General

Sewer SewerTapPaid

Cooling None

Utilities CableAvailable ElectricityConnected SewerConnected WaterConnected

Possession CloseOfEscrow

Zoning LBR3S

Garage Spaces 4.0

Pool Features None

Security Features GatedCommunity SmokeDetectors

Construction Materials Stucco

Year Built 1963

Tenant Pays CableTV Electricity

View None

Stories 2

Levels Two

Property SubType Apartment

Gross Income 179424.0

Community Features Biking Curbs StormDrains StreetLights Suburban Sidewalks Gated

County Los Angeles

Net Operating Income 0.0

Operating Expense 0.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Alamitos Beach (AB)

Garage Y/N Y

Special Listing Conditions Standard

Status Pending

Directions South of 4th St. West of Orange

City Long Beach

Entry Location Side Gate

View Y/N N

Senior Community Y/N N

Total Units 8

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Square Feet 6252.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 2

Street Name Cerritos

Listing Terms Cash CashtoNewLoan

Spa Features None

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Current Financing None

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 8

Building Area Units SquareFeet

Standard Status Pending

Year Built Source Assessor

Tax Lot 3

Total Actual Rent 14552.0

Property Sub Type Additional Apartment

Exterior

Parking Features Assigned

Lot Features Walkstreet

Water Source Public

Total Parking 4.0

Lot Size Area 6252.0

Number of Buildings 1

Spa N

Building Area Total 6232.0

Lot Size Acres 0.1435

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 0

Number of Separate Electric Meters 9

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 2

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features LaundryRoom

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 348

* Excluded Features

List By

Belmont Brokerage & Mgmt. Inc.

Broker

(562) 437-3581

Phone

Affordability Calculator

$15,717

Per Month

Monthly Principal & Interest: $15,717
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,090,646

Percent of Sale Price 7%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/4/2024	$2,250,000		Listed Price

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348 Cerritos Avenue, Long Beach, CA, 90802 is a Multi-Family Home for sale at $2,250,000 with 6,232 sqft and a lot size of 0.1435. 348 Cerritos Avenue has 16 bedrooms, 9.0 baths, and was built in 1963. The property's zip code is 90802 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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348 Cerritos Avenue

Multi-Family Home for sale in Long Beach, CA

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