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348 Cerritos Avenue

Long Beach, CA 90802

$2,185,000 Sale Price
Est. Payment: $ 0/mo
16
Bed
0
Bath
6,232 Sq. Ft.
$361 / Sq. Ft.
Sold

348 Cerritos Avenue

Long Beach, CA 90802

Sold
$2,185,000 Sale Price
$0/mo
16
Bed
0
Bath
6,232
Sq. Ft.
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.
PROPERTY INFORMATION
MLS # PW24063142 Lot Size 6,252 Sq. Ft.
HOA Fees $0/Monthly Property Type Apartment
Price $ 2,250,000
Price Per SqFt: $ 361
DOM 400 Days
Address 348 Cerritos Avenue Type Residential Income
City Long Beach Sq.Ft. 6,232 Sq. Ft.
Postal Code 90802 Garage 4
County Los Angeles Year Built 1963
Bed / Bath 16 / 0 Parking 4
Built In 1963 Status Closed
Sold Date 2024-07-05
INTERIOR FEATURES
Has Laundry Yes
Laundry Information Individual Room
Has Fireplace No
Fireplace Information None
Has Cooling No
Cooling Information None
EntryLocation Side Gate
Entry Level 1
Has Spa No
SpaDescription None
SecuritySafety Gated Community, Smoke Detector(s)
EXTERIOR FEATURES
Has Pool No
Pool None
WALKSCORE
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $2,400
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
04/12/2024 Pending $2,250,000
04/03/2024 Listed $2,250,000
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Listing provided courtesy of W. Kurt Wood, Belmont Brokerage & Mgmt. INC.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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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