Movoto Real Estate
Search
About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest
Sold on 03/13/2025
  • Map Image
  • Map Image
  • Map Image

728 Cerritos Ave, Long Beach, CA 90813

$2,350,000

Last sold 03/13/2025 after 330 Days

  • —

    bed

  • —

    bath

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

About 728 Cerritos Ave

Property type Multi-family
Neighborhood
Year built 1924
HOA fee $0/month
Lot size 0.29 Acre
Parking 9 garage spaces
Rental estimate
Property description
We are pleased to present a 19+1 unit apartment building located at 728 Cerritos Avenue in Long Beach, California. This is a value-add opportunity in a great location. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists of two parcels that total 11,750 rentable square feet spread throughout a 12,614 square foot lot. One property was built in 1924 and the other was built in 1952. The properties consist of 5 studios, 12 one bed/one bath units and 2 two bedroom / one bath units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 9 garages which generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores.
Listed by
Listing Agent - Kevin King
Listing Agent Contact: Kking@marcusmillichap.com
Listing Office - Marcus & Millichap
Source: CRMLS mls logo
MLS#PW24076719 • last updated 1 year ago
Movoto checked CRMLS for data 1 minute ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.2896
Lot Size (SqFt) 12614
Year Built 1924
Interior
Laundry None
Exterior
Building Area Square Feet, 11750
# Parking Spaces 9
# Garage Spaces 9
Lot Description 16-20 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Sidewalks
Zoning LBR2N
Directions Cerritos Ave & 7th St
APN 7266003017
Multifamily Details
Expense: Trash 5000
Operating Expense 123467
Expense: Insurance 18000
Total Expenses 123467
Expense: Maintenance 16150
Expense: Water/ Sewer 5000
Gross Income 325840
Expense: Electric 5000
Gross Scheduled Income 314268
Expense: Fuel 5000
Expense: Gardener 2000
Rental est.: $1,333/month
Gross rent multiplier: 146.9
  • Mar 2025
    mls logo MLS # PW24076719
  • Mar 17, 2025 Sold
    $3,000,000 (+27.7%)
  • Mar 10, 2025 Pending
    —
  • Jan 8, 2025 Listed
    —
  • Jan 7, 2025 Pending
    —
  • Nov 22, 2024 Price Change
    $3,300,000 (-7.0%)
  • Nov 19, 2024 Listed
    $3,550,000 (-6.6%)
  • Nov 12, 2024 Pending
    —
  • Aug 12, 2024 Price Change
    $3,800,000 (-9.5%)
  • May 24, 2024 Price Change
    $4,200,000 (-6.7%)
  • Apr 17, 2024 Listed
    $4,500,000 (+200.0%)
  • Mar 2025
    Public Records
  • Mar 13, 2025 Sold
    $2,350,000 (-28.8%)
  • Jul 2004
    Public Records
  • Jul 14, 2004 Sold
    $1,500,000
  • Year Property taxes Tax assessment
  • 2024
    $15,058 +1.8%
    $1,067,279 +2.0%
  • 2023
    $14,788 +6.3%
    $1,046,379 +2.0%
  • 2022
    $13,906 +2.3%
    $1,025,889 +2.0%
  • 2021
    $13,590 +0.3%
    $1,005,801
  • 2020
    $13,554
    $1,005,801
  • 728 Cerritos Ave
    $2.35M
  • Hellman
    $465K -25% y/y
  • 90813
    $570K +9% 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
7/10
Lincoln 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 Hellman

Explore everything this neighborhood has to offer. Learn more about Hellman.
View homes for sale in Hellman
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 90813

  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90813
  • Hellman
  • 728 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 11/3/2026. 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.