285 Cerritos Avenue
Long Beach, CA 90802
Map
- – beds
- – baths
- – sqft
- 8,546 sqft lot
- 1921 build
- – on site
6.2% cap rate on actuals only 3 blocks to the beach! 10.6X GRM on actuals with a 9% upside to 9.7X GRM on market rents and 6.9% market cap rate. Totally remodeled 8 unit (7+1 ADU) property consisting of two buildings with 4 units each and parking for 5 cars. Corner building consists of four large 900 square foot units with 2 bedroom floor plans upstairs and large 1 bedroom floor plans on ground level. Second building has a brand new 2025 construction 2 bed/1 bath ADU, two studios, and a large 1 bed/1 bath unit. All unit interiors remodeled since 2022, new electrical in 285 building, full paint and exterior refresh just completed. Great curb appeal on a large 8,546 square foot corner lot. Ideal location in the heart of Alamitos Beach only 3 blocks to the sand. 2 blocks from Downtown Long Beach’s East Village Arts District with numerous restaurants, retail, and entertainment options. Over $8 Billion in new development in the immediate vicinity. 63% of households within 5 miles are renters with an average households income of $98,000+ (per CoStar research). Directly across the street from the Historic Ebell Club of Long Beach.
Last checked:
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Last updated May 2, 2025
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MLS# SB25096484 —
The Building
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Year Built:1921
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:6096.00
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Building Area Units:Square Feet
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Total Number Of Units:8
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# of Buildings:2
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:4
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# of Separate Water Meters:1
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# of Separate Electric Meters:8
Interior
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Levels:Two
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Entry Location:1
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Flooring:Laminate
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Fireplace:No
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Fireplace:None
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Laundry:Inside
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Laundry:1
Location
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Directions:North of Ocean, East of Alamitos
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Latitude:33.77016200
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Longitude:-118.17854900
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LBR3S
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Lot Features:Rectangular Lot
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Lot Size Area:8546.0000
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Lot Size Acres:0.1962
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Lot Size SqFt:8546.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:134
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Tax Census Tract:5765.01
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Tax Tract:576...
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Tax Lot:9
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7275003027
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Heat Pump
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:220 Volts, Standard
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Water Source:Public
Appliances
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Appliances:Gas Oven, Gas Range
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Included:Yes
The Community
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Subdivision:Alamitos Beach (AB)
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Subdivision:Alamitos Beach (AB)
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Neighborhood:Alamitos Beach
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Features:Urban
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Driveway Level
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Parking Spaces:5.00
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Uncovered Spaces:5.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/1/25
May 1, 2025
|
Listed / Active | CRMLS_CA | $1,995,000 |
