758 Cerritos Avenue

Long Beach, CA 90813

$1,799,000
Price
7
Beds
7
Baths
4,116 Sq. Ft.
$437 / Sq. Ft.
4,116
Sq. Ft.
$437
per Sq. Ft.

Description

Investment Opportunity; 7-Unit Property Near Downtown Long Beach. This 7-unit property is an excellent option for investors looking to maximize rental income. Located near downtown Long Beach, it is surrounded by numerous apartment buildings, ensuring a steady demand for housing in the area. The property includes four vacant units, ready to be rented at market rates, offering immediate income potential. Each unit features 1 bedroom and 1 bathroom, making them highly attractive to a wide range of...Investment Opportunity; 7-Unit Property Near Downtown Long Beach. This 7-unit property is an excellent option for investors looking to maximize rental income. Located near downtown Long Beach, it is surrounded by numerous apartment buildings, ensuring a steady demand for housing in the area. The property includes four vacant units, ready to be rented at market rates, offering immediate income potential. Each unit features 1 bedroom and 1 bathroom, making them highly attractive to a wide range of tenants. Conveniently located near public transportation, shops, and local amenities.
  1. Listed by Visakha Sir • DRE #01980472 • Brokerage DRE #02184903 • REMAX Proper • 562-310-3742

Property Details for 758 Cerritos Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4116
Assessor Parcel Number
7266-003-013
Property Attached YN
true
LISTING UPDATED: 12/11/2024 06:19 AM

Property Details for 758 Cerritos Avenue

StatusActive
MLS #PW24247969
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
CountyLos Angeles County

Building Information for 758 Cerritos Avenue

Building/Complex758 Cerritos AveFloor-Stories2Residences-Pet Policy-Year Built1959Building Size-

Property Information for 758 Cerritos Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $34,929
  • Gross Scheduled Income: $34,929
  • Net Operating Income: $27,920
Expense Details
  • Operating Expense: $7,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,800
  • Professional Management Expense: $0
  • Trash Expense: $1,200
  • Water Sewer Expense: $2,760
  • Total Expenses: $7,760
Tax / Assessment Info
  • Tax Tract Number: 576...
  • Tax Census Tract: 5764.01
  • CFD/Mello-Roos Fee: $1,309
  • Tax Lot: 7
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 2
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 7
  • Land Lease: Yes
  • Land Lease Amount: $0
  • Land Lease Type: Lease
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Downtown
  • Builders Tract Code: Downtown (DT)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,010
  • Unit Type Total Rent: $1,010
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 7
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 758 Cerritos Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 758 Cerritos Avenue

Taxable ValueLand$876,126Additions$376,802Total$1,252,928
Tax Record2024$16,886 ($1,407 / month)
Home Facts
Total Finished SqFt4,116 SqFtAbove Grade Finished SqFt4,116 SqFtLot Size6,326 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningLBR2NCountyLOS ANGELESAPN7266-003-013

Schools near 758 Cerritos Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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758 Cerritos Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on December 11, 2024 by REMAX Proper, it's currently listed at $1,799,000. It has been on the market for a total of 6 days and was last sold on June 19, 2017. This listing's school district is Long Beach Unified School District. Nearby schools include Lincoln Elementary School, Franklin Classical Middle School and Polytechnic High School. 758 Cerritos Avenue is a 7-bed, 7-bath, 4,116 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REMAX Proper, Visakha Sir, DRE #01980472

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.