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728 Cerritos Avenue

Long Beach, CA 90813

– beds
– baths
– sqft
12,614 sqft lot
1924 build
– on site

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 CRMLS_CA / Kevin King / Marcus & Millichap / kking@marcusmillichap.com

Last checked: Checking… • Last updated Nov 22, 2024 •

MLS# PW24076719 —

The Building

Year Built:

1924
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

11750.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

19
Stories Total:

2
# of Separate Gas Meters:

19
# of Separate Water Meters:

1
# of Separate Electric Meters:

19

Interior

Levels:

Two
Entry Location:

front
Laundry:

None

Location

Directions:

Cerritos Ave & 7th St
Latitude:

33.77590100
Longitude:

-118.17762900

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LBR2N
Lot Features:

16-20 Units/Acre
Lot Size Area:

12614.0000
Lot Size Acres:

0.2896
Lot Size SqFt:

12614.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Additional Parcels Description:

7266-003-016
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5764.01
Tax Tract:

576401
Tax Lot:

15

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7266003017

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Curbs, Sidewalks
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

9.00
Garage Spaces:

9.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/22/24 Nov 22, 2024	Price Changed	CRMLS_CA	$3,300,000	-7.0%
11/19/24 Nov 19, 2024	Price Changed	CRMLS_CA	$3,550,000	-6.6%
11/19/24 Nov 19, 2024	Relisted	CRMLS_CA	$3,800,000

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This multifamily located in Hellman, Long Beach, CA 90813 is currently for sale for $3,300,000. 728 Cerritos Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 221 days. 728 Cerritos Avenue is in the Hellman neighborhood of Long Beach and has a WalkScore® of 93, making it a walker’s paradise. This multifamily is in the attendance area of Polytechnic High School, Franklin Classical Middle School, and Lincoln Elementary School.

Listing Courtesy of: CRMLS_CA and Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of 15:19 on Nov 24.

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.