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Sold for $1,950,000
    • Listed by: Buckingham Investments, Inc • Anthony Walker • Contact: 310-982-7055
    Bought with: Buckingham Investments, Inc
    $1,950,000

    285 Cerritos Ave, Long Beach, CA 90802

    9beds
    8baths
    6,096sqft
    Multi Family
    Built in 1921
    -- sqft lot
    $1,938,300 Zestimate®
    $320/sqft
    $4,713 Estimated rent

    Home value

    $1,938,300

    $1.61M - $2.31M

    $4,713/mo

    Zestimate® history
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    What's special

    Corner buildingGreat curb appeal
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Anthony Walker DRE #01908153 310-561-4776,

    Buckingham Investments, Inc,

    Josh Ess DRE #02035659 310-982-7055,

    Buckingham Investments, Inc

    Bought with:

    Malcolm Zeger, DRE #02013882

    Buckingham Investments, Inc

    Source: CRMLS,MLS#: SB25096484MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 8
    Heating
    • Wall Furnace
    Cooling
    • Heat Pump
    Appliances
    • Included: Gas Oven, Gas Range
    • Laundry: Inside
    Features
    • Flooring: Laminate
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 6,096
    • Total interior livable area: 6,096 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Driveway Level
    • Uncovered spaces: 5
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 8,546 Square Feet
    • Features: Rectangular Lot
    Details
    • Parcel number: 7275003027
    • Zoning: LBR3S
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1921

    Utilities & green energy

    • Electric: Standard, 220 Volts
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Urban
    • Subdivision: Alamitos Beach (Ab)
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $320/sqft
    • Tax assessed value: $1,888,949
    • Annual tax amount: $25,831
    • Date on market: 5/1/2025
    • Cumulative days on market: 27 days
    • Listing terms: Cash to New Loan
    • Tenant pays: Electricity

    Price history

    DateEventPrice
    7/28/2025Sold$1,950,000-2.3%$320/sqft
    Source: CRMLS #SB25096484 Report a problem
    7/3/2025Pending sale$1,995,000$327/sqft
    Source: CRMLS #SB25096484 Report a problem
    5/1/2025Listed for sale$1,995,000+12.1%$327/sqft
    Source: CRMLS #SB25096484 Report a problem
    1/5/2022Sold$1,780,000+259.6%$292/sqft
    Source: Public Record Report a problem
    8/8/2002Sold$495,000+37.5%$81/sqft
    Source: Public Record Report a problem
    5/18/2001Sold$360,000$59/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$25,831 +4.3%$1,888,949 +2%
    2024$24,768 +1.8%$1,851,912 +2%
    2023$24,339 +162.2%$1,815,600 +168.8%
    2022$9,281 +2.4%$675,558 +2%
    2021$9,064 +0.3%$662,312 +1%
    2020$9,039 $655,521 +2%
    2019$9,039 +5.5%$642,669 +2%
    2018$8,570 $630,068 +2%
    2017$8,570 +1.1%$617,715 +2%
    2016$8,480 +7.9%$605,604 +1.5%
    2015$7,863 $596,508
    Find assessor info on the county website

    Neighborhood: Alamitos Beach

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    Estimated market value
    $1,938,300
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,938,300

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