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.
Property Details
Property Features
Property Information:
Year Built: 1924
Stories: 2
Listing Office:
Office Name: Marcus & Millichap
Office Email: kking@marcusmillichap.com
Listing Agent: Kevin King
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 9 spaces
Lot Features
Lot Information:
Lot Size: 0.29 Acres
Other
Directions Information:
Directions: Cerritos Ave & 7th St
Price Information
Listing Price Info
Price Summary:
List Price: $3,300,000
Tax Information:
Annual Amount: $13,590
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Long Beach, CA.
This property is $2.4M more than the Median Sold Price in Long Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PW24076719
Listing Office:
Office Name: Marcus & Millichap
Office Email: kking@marcusmillichap.com
Listing Agent: Kevin King
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/25/2024, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 14, 2004
Jul 14, 2004Home Sold
$1,500,000
Jun 25, 1999
Jun 25, 1999Home Sold
$447,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$13,590
$1,005,801
2020
$13,395
$994,143
2019
$13,001
$974,651
2018
$12,863
$955,541
2017
$12,863
$936,806
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Lincoln Elementary School
1175 E 11th St
Distance between this listing and this school0.36 miles
Public District Grades KG-5
5
/10
Robert Louis Stevenson Elementary School
515 Lime Ave
Distance between this listing and this school0.41 miles
Public District Grades KG-5
5
/10
Oropeza Elementary School
700 Locust Ave
Distance between this listing and this school0.74 miles
Public District Grades KG-5
Nearby Schools
4
/10
Franklin Classical Middle School
540 Cerritos Ave
Distance between this listing and this school0.16 miles
Public District Grades 6-8
3
/10
Washington Middle School
1450 Cedar Ave
Distance between this listing and this school1.16 miles
Public District Grades 6-8
4
/10
Jessie E. Nelson Academy
1951 Cherry Ave
Distance between this listing and this school1.27 miles
Public District Grades 6-8
Nearby Schools
1
/10
Clear Passage Educational Center
1471 Martin Luther King Jr Ave
Distance between this listing and this school0.63 miles
Public Charter Grades 9-12
5
/10
Renaissance High School for the Arts
235 E 8th St
Distance between this listing and this school0.72 miles
Public District Grades 9-12
6
/10
Polytechnic High School
1600 Atlantic Ave
Distance between this listing and this school0.84 miles
The neighbors living near this home have an average income of $29,000. Most Long Beach, CA residents have annual incomes less than $35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 728 Cerritos Ave
What is the listing price of this property?
The listing price of 728 Cerritos Ave property is $3,300,000.
What type of property is this?
The property 728 Cerritos Ave is a condo located in Long Beach, California, 90813.
Is this property for sale now?
Active Listing: 728 Cerritos Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $13,590 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 14, 2004 for $1,500,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 728 Cerritos Ave is 1924.
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This home is located at 728 Cerritos Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This home, which was built in 1924, sits on a 0.29 acre lot. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $3,300,000.
In November 2024 more than 66 listings in Long Beach, CA were sold above the asking price. During the same period more than 32 listings were sold at asking price, while more than 64 were sold below. Between October 2024 and November 2024, Long Beach, CA real estate market has seen decrease in the number of listings by 10.6%. While the average time on the market in November 2024 was 35 days, the median list price was $825,128.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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