Movoto Real Estate
Search
About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest
Sold on 07/05/2024
  • Map Image
  • Map Image
  • Map Image

348 Cerritos Ave, Long Beach, CA 90802

$2,185,000

Last sold 07/05/2024 after 93 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
Learn about Long Beach's top local Real Estate agents

About 348 Cerritos Ave

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Lot size 6,252 Sqft
Parking 4 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - W. Kurt Wood
Listing Agent Contact: 562-301-6763
Listing Office - Belmont Brokerage & Mgmt. INC.
Source: CRMLS mls logo
MLS#PW24063142 • last updated 2 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1435
Lot Size (SqFt) 6252
Year Built 1963
Interior
Laundry Individual Room
Exterior
Construction Stucco
Building Area Square Feet, 6232
Parking Assigned
# Parking Spaces 4
# Garage Spaces 4
Lot Description Walkstreet
Amenities / Utilities
Fireplaces None
Sewer/ Septic Sewer Paid
Water Source Public
Spa None
Pool None
Location
View None
County Los Angeles
Community Features Biking, Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
Subdivision Alamitos Beach (AB), Alamitos Beach (AB)
Zoning LBR3S
Directions South Of 4th St., West Of Orange
APN 7275005003
Multifamily Details
Laundry Income 25
Gross Income 179424
Gross Scheduled Income 179424
Rental est.: $1,230/month
Gross rent multiplier: 148.0
  • Jul 2024
    mls logo MLS # PW24063142
  • Jul 6, 2024 Sold
    $2,185,000
  • Apr 12, 2024 Pending
    —
  • Apr 3, 2024 Listed
    $2,250,000
  • Jul 2024
    Public Records
  • Jul 3, 2024 Sold
    $2,185,000 (-2.9%)
  • Year Property taxes Tax assessment
  • 2024
    $8,580 +1.9%
    $561,673 +1.99%
  • 2023
    $8,423 +6.1%
    $550,696 +1.99%
  • 2022
    $7,941 +2.7%
    $539,934 +1.99%
  • 2021
    $7,735 +0.3%
    $529,384
  • 2020
    $7,714
    $529,384
  • 348 Cerritos Ave
    $2.18M
  • Franklin School
    $495K +22% y/y
  • 90802
    $459K -8% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
5/10
Stevenson Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Franklin School

Explore everything this neighborhood has to offer. Learn more about Franklin School.
View homes for sale in Franklin School
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Long Beach, CA

Nearby homes for sale in Long Beach, CA

Newest listings in 90802

  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90802
  • Franklin School
  • 348 Cerritos Ave
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by CRMLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/27/2026. 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.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.