Long Beach, CA 90802 541 Cerritos Avenue
$1,200,000
9 more
Presented By: Brian Franklin with AGNS Realty Inc.; 626-825-9971
- MLS# AR25160658
- 07/16/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 1
Baths • 1
SQFT • 1,980
Home Details
GREAT INVESTMENT OPPORTUNITY!!! This wonderful craftsman property features 4 units located in the highly desirable Alamitos Bay area of Downtown Long Beach. The property consists of four one bedroom, one bathroom units that are about 500 square feet and have been well maintained. The floors and kitchens have recently been updated. The property boasts a walk score of 92 and a bike score of 93 and is located within walking distance from all the best that Downtown Long Beach has to offer. All the units are individually metered for electricity and gas with individual water heaters for each unit.
Presented By: Brian Franklin with AGNS Realty Inc.; 626-825-9971
Interior Features for 541 Cerritos Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall, NoOneAbove, NoOneBelow
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 541 Cerritos Avenue
Additional Parcels Y/NNo
Architectural StyleCraftsman
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Sidewalks
CoolingNone
CountyLos Angeles
DirectionsCorner of E. 6th St. and Cerritos Ave.
DisclosuresRentControl
ElectricStandard
Electric Expense0.0
Entry LocationGround
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income74853.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense1600.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional
Lot Size Square Feet3285.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
Maintenance Expense4516.0
MobileHomeRemainsYNNo
Net Operating Income61967.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense12716.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameAlamitos Beach (AB)
Tax Lot13
Tenant PaysElectricity, Gas, TrashCollection
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense2400.0
Year Built1922
Year Built SourceAssessor
ZoningLBR3S
Exterior for 541 Cerritos Avenue
Building Area Total1980.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.0754
Lot Size Area3285.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Parking FeaturesNone, OnStreet
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate