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Long Beach, CA 90802 348 Cerritos Avenue

$2,250,000

Pending
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Presented By: W. Kurt Wood with Belmont Brokerage & Mgmt. INC.; 562-301-6763
  • MLS# PW24063142
  • 04/03/2024
  • Request Tour
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  • BedBeds • 16
  • BathBaths • 9
  • FootageSQFT • 6,232
  • GarageGarage • 4

Home Details

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.
Presented By: W. Kurt Wood with Belmont Brokerage & Mgmt. INC.; 562-301-6763

Interior Features for 348 Cerritos Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 348 Cerritos Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, Curbs, StormDrains, StreetLights, Suburban, Sidewalks, Gated
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
Current FinancingNone
Days on Market8
DirectionsSouth of 4th St., West of Orange
Electric Expense0.0
Entry LocationSide Gate
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income179424.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet6252.0
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Number of Units Leased2
Operating Expense0.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity, SmokeDetectors
Senior Community Y/NNo
SewerSewerTapPaid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Street NameCerritos
Subdivision NameAlamitos Beach (AB)
Tax Lot3
Tenant PaysCableTV, Electricity
Total Actual Rent14552.0
Total Units8
Trash Expense0.0
UtilitiesCableAvailable, ElectricityConnected, SewerConnected, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
ZoningLBR3S

Exterior for 348 Cerritos Avenue

Building Area Total6232.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesWalkstreet
Lot Size Acres0.1435
Lot Size Area6252.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters0
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,250,000
MLS#PW24063142
List Date 04/03/2024
Property Type Pending
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors