615 Cerritos AVE new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90802
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID SB25166797
HOA Y/N No
Year Built 1963
Lot Size 6,359 Sqft
Property Sub-Type Apartment
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.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR3S
Interior
Heating Radiant
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights,Sidewalks,Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description No Landscaping,Rectangular Lot,Walkstreet
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7266006024
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,Conventional
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,Conventional
Special Listing Condition Standard