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.… Read More 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. Read Less
Property listed by Buckingham Investments, Inc, Kristen Mussenden 323-362-2253
Listing Snapshot
Days Online
8
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1963
MLS Number
SB25166797
30 Days Snapshot Of 90802
$662k
+10%
(avg) sold price
25
-34%
homes sold
102
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1963, Building area total: 6,144, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Based on information from California Regional Multiple Listing Service, Inc. as of 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. Properties may or may not be listed by the office/agent presenting the information.
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