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348 Cerritos Avenue
Apartment
$2,250,000

Units

8

Building Size

6,232 sf

Lot Size

6,252 sf

Status

Sold

Listing Agent: W. Kurt Wood, Belmont Brokerage & Mgmt. INC.

Long Beach

348 Cerritos Avenue

About This Property

Well kept 8 unit apartment building built in 1963 in great Downtown rental area. 7 two bedroom/one bath units and 1 two bath/two bath units. Over $49,000 recently spent to paint the exterior and install a new roof. Many long term tenants with lower than market rents. Current rents average $1,819 ($14,552 per month). Current Market rents average $2,481 per month or $19,948 per month. Market rents based on RentOmeter analysis.

Unit Mix

  • 7 units · 2bd / 1ba
  • 1 unit · 2bd / 2ba

Neighborhood

This property is located in Long Beach. Want to learn more about the area?

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Sold For

$2,250,000

Listing Agent

W. Kurt Wood

Belmont Brokerage & Mgmt. INC.