615 Cerritos Avenue, Long Beach, CA 90802
- $2,025,000
- Sold Price
- $2,025,000
- List Price
- $2,150,000
- Closing Date
- Dec 31, 2025
- Status
- CLOSED
- MLS#
- SB25166797
- Year Built
- 1963
- Lot Size
- 6,359
- Acres
- 0.15
- Lot Location
- No Landscaping, Rectangular Lot, Walkstreet
- Days on Market
- 96
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Alamitos Beach (Ab)
Property Description
615 Cerritos Ave presents a rare opportunity to acquire a well-maintained multifamily property in one of Long Beach’s most desirable rental markets. Close Proximity to Retro Row and the East Village Arts District, this clean 8 unit building features all large 2-bed/1-bath units with excellent layouts and strong tenant appeal. One unit will be delivered rent-ready, offering immediate income upside or owner-user potential. The building has received several recent upgrades, including a new roof (2019, resealed 2025), 100-amp main panels, and subpanel upgrades in each unit, to be completed by August 4th. The property also boasts fresh exterior paint, new gutters, and sits on a quiet street just steps from Franklin Middle School and the Museum of Latin American Art. Additional value-add potential exists with garage ADU conversion possibilities, and two rear storage/laundry rooms currently not in use. With no tuck-under parking, the property avoids seismic retrofit requirements, making it easy to own and low maintenance. With Long Beach preparing to host several Olympic competitions in 2028, the city is poised for international attention and long-term economic growth. This global spotlight, combined with ongoing infrastructure improvements and civic investment, makes Long Beach an increasingly attractive market for real estate investors.
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Additional Information
- Pool Description
- None
- Heat
- Radiant
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $207,360
- Operating Expense
- 67072
Listing courtesy of Listing Agent: Kristen Mussenden (krissy.m@buckinghaminvestments.com) from Listing Office: Buckingham Investments, Inc.
Listing sold by Anthony Walker from Buckingham Investments, Inc
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.