$2,250,000
348 Cerritos Avenue, Long Beach 90802
16
Beds
9
Baths
6,252
Lot Size
8
# Of Units
Listing Agent
W. Kurt Wood - Belmont Brokerage & Mgmt. INC.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.
Facts & Features
| MLS® # | PW24063142 |
|---|---|
| Price | $2,250,000 |
| Bedrooms | 16 |
| Bathrooms | 9.00 |
| Lot Size | 6,252 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Pending |
| # Of Units | 8 |
Community Information
| Address | 348 Cerritos Avenue |
|---|---|
| Area | 4 - Downtown Area, Alamitos Beach |
| Subdivision | Alamitos Beach (AB) |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90802 |
Amenities
| Utilities | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 4 |
| Parking | Assigned |
| # of Garages | 4 |
| Garages | Assigned |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Cooling | None |
|---|---|
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Walkstreet |
| Construction | Stucco |
Additional Information
| Date Listed | April 3rd, 2024 |
|---|---|
| Days on Market | 8 |
| Zoning | LBR3S |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | W. Kurt Wood |
|---|---|
| Office | Belmont Brokerage & Mgmt. INC. |