14 days on rocket

751 Cerritos Ave, Long Beach, CA, 90813

$2,349,000

Home List Price

$10,000*

Closing Credit

18 Bedrooms
18 Baths
6,938 SqFt
$339/SqFt
House
Schools Nearby

Location

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751 Cerritos Ave, Long Beach$2,349,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Attached GarageYes
Year Built1987
HeatingWall Furnace
CoolingNone
MLS #24391473
Lot Size0.17 Acres
StatusActive

About 751 Cerritos Ave

PRICED TO SELL. 10X GRM and a 6.5% CAP on actual rents with upside to a 7.1% CAP. 10 units in Alamitos Beach in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Built in 1987, the property is professionally managed and well maintained. There are 14 onsite parking spaces - 1 for each unit plus 4 for rent. The 2nd floor units feature tall, vaulted ceilings and some have partial ocean views. The Property has an onsite laundry room. All units were updated from 2017-2019. The subpanels are 50 AMPS and the main panel is 200 AMPS. Plumbing is copper - Buyer to verify. Priced at only $340/SF. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND ACTUAL EXPENSES.

Property Details

Property Features

Property Information:

  • Year Built: 1987
  • Stories: 2
  • Living Area: 6,938 SqFt

Listing Office:

  • Office Name: The Agency
  • Office Phone: (424) 230-3700
  • Listing Agent: Jonathan Swire

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 18

Exterior Features

Parking Information:

  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: 10 units in Alamitos Beach, Long Beach.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,349,000
  • Price Per SqFt: $339/SqFt

Tax Information:

  • Annual Amount: $25,346
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$790.3K

Med. Price/SqFt

$616

Avg. Days On Market

27

# of Sold Homes

179

751 Cerritos Ave vs Long Beach

14 DAYS ON ROCKET

-13 Days

$2,349,000

+$1.5M More

$339/SqFt

-$278 Less

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $278/SqFt less than other homes in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24391473

Listing Office:

  • Office Name: The Agency
  • Office Phone: (424) 230-3700
  • Listing Agent: Jonathan Swire

IDX 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: 5/29/2024, 3:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 19, 2017Home Sold
$1,850,000
Oct 13, 2004Home Sold
$1,100,000
Jul 08, 1994Home Sold
$280,000

Tax History

YEARPROP. TAXASSESSMENT
2021$25,346$1,983,572
2020$24,982$1,963,234
2019$24,309$1,924,740
2018$15,996$1,887,000
2017$15,996$1,188,872

History based on county public records data.

Payment Calculator

$11.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,109

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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.

Nearby Schools

school-card-donut-4163890
6
/10

  • Lincoln Elementary School

  • 1175 E 11th St

  • 0.33 miles

  • Public District Grades KG-5

school-card-donut-4163891
5
/10

  • Stevenson Elementary School

  • 515 Lime Ave

  • 0.38 miles

  • Public District Grades KG-5

school-card-donut-4163892
5
/10

  • International Elementary School

  • 700 Locust Ave

  • 0.74 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,000. Residents of Long Beach, CA typically earn less than $35k each year. 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 751 Cerritos Ave

What is the listing price of this property?

The listing price of 751 Cerritos Ave property is $2,349,000.

What type of property is this?

The property 751 Cerritos Ave is a house located in Long Beach, California, 90813.

Is this property for sale now?

Active Listing: 751 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 $25,346 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 19, 2017 for $1,850,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 751 Cerritos Ave has 18 bedrooms and 18 bathrooms.

What is the square footage of this property?

The property 751 Cerritos Ave is 6,938 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 751 Cerritos Ave is 1987.

Rocket Homes›California›Los Angeles County›Long Beach›90813›751 Cerritos Ave

This home is located at 751 Cerritos Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This 6,938 square foot home, which was built in 1987, sits on a 0.17 acre lot. Features: 18 bedrooms, 18 bathrooms. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $2,349,000.

In April 2024 more than 96 listings in Long Beach, CA were sold above the asking price. During the same period more than 36 listings were sold at asking price, while more than 47 were sold below. In April 2024 in Long Beach, CA there were 8% more homes for sale than in March 2024. While the average time on the market in April 2024 was 27 days, the median list price was $790,334.

From Rocket Homes Real Estate and based on county public records data.

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