1168 E 37th St Long Beach, CA 90807
California Heights NeighborhoodEstimated payment $11,561/month
Highlights
- Corner Lot
- Ductless Heating Or Cooling System
- Utility Room
- Longfellow Elementary School Rated A-
- Laundry Room
- Heating Available
About This Home
1168 E. 37th Street and 3654 Cerritos Avenue is a rare trophy Spanish-style multifamily property located on the prominent corner of 37th Street and Cerritos Avenue in the highly desirable California Heights Historic District.
Situated on a large 8,037 square foot corner lot, this architecturally charming property is legally permitted as a triplex and is currently utilized as a four-unit rental property, offering a unique blend of character, lifestyle amenities, and income potential in one of Long Beach’s most sought-after neighborhoods.
The property features a detached Spanish-style front house, a detached duplex, and an additional non-conforming studio, creating a flexible and compelling investment or owner-user opportunity.
The front house is a beautifully remodeled 2-bedroom, 1-bath residence and will be delivered vacant on January 9th, making it ideal for an owner-user or for repositioning at market rents. The home is equipped with mini-split HVAC, in-unit washer and dryer, solar panels to offset electricity costs, and a private Jacuzzi, offering a true lifestyle component rarely found in multifamily properties. The front house also has exclusive use of the rear garage.
Behind the main residence is a detached duplex, consisting of two 1-bedroom, 1-bath units, each featuring mini-split HVAC systems and in-unit washer and dryers. In addition, there is a non-conforming studio, also equipped with mini-split HVAC and in-unit laundry, which is currently vacant.
The property is further enhanced by a large detached two-car garage, half of which has been thoughtfully built out as a dance studio, while still allowing parking for two vehicles. The garage also includes a private sauna, adding another premium amenity to this one-of-a-kind asset. The flexible unit mix also creates exciting optionality for buyers seeking to maximize income through short-term rental (Airbnb) or mid-term rental strategies (buyer to verify), while still offering an ideal layout for multigenerational living, extended family arrangements, or a live-in owner who wants additional rental income.
Current Rent Roll: 2 Bed / 1 Bath (Front House): $4,895/month (now vacant) , 1 Bed / 1 Bath: $1,883/month / 1 Bed / 1 Bath: $2,250/month / Studio (Non-Conforming): $1,800/month (vacant)
Listing Agent
Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 01/21/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 8,004 Sq Ft Lot
- No Common Walls
- Corner Lot
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Quadruplex
- Entry on the 1st floor
- Frame Construction
- Clay Roof
- Stucco
Interior Spaces
- 2,129 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Utility Room
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 2 / 8
- Tax Tract Number 5630
- Assessor Parcel Number 7146015001
- $694 per year additional tax assessments
Community Details
Overview
- 4 Buildings
- 4 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $75
- Insurance Expense $3,000
- Water Sewer Expense $100
- New Taxes Expense $26,562
- Operating Expense $30,000
- Gross Income $129,936
- Net Operating Income $99,936
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,521 | $889,164 | $603,098 | $286,066 |
| 2024 | $11,521 | $871,730 | $591,273 | $280,457 |
| 2023 | $11,328 | $854,638 | $579,680 | $274,958 |
| 2022 | $10,639 | $837,881 | $568,314 | $269,567 |
| 2021 | $10,427 | $821,453 | $557,171 | $264,282 |
| 2020 | $10,400 | $813,031 | $551,458 | $261,573 |
| 2019 | $10,279 | $797,091 | $540,646 | $256,445 |
| 2018 | $9,943 | $781,463 | $530,046 | $251,417 |
| 2016 | $8,994 | $737,540 | $489,519 | $248,021 |
| 2015 | $8,634 | $726,462 | $482,166 | $244,296 |
| 2014 | $6,621 | $540,000 | $340,000 | $200,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/09/2026 02/09/26 | Price Changed | $1,997,500 | -6.0% | $938 / Sq Ft |
| 01/21/2026 01/21/26 | For Sale | $2,125,000 | -- | $998 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $678,000 | North American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $285,000 | Southland Title Corporation | |
| Gift Deed | -- | Southland Title Corporation | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $542,400 | Purchase Money Mortgage | |
| Previous Owner | $228,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25281680
APN: 7146-015-001
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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. Properties may or may not be listed by the office/agent presenting the information
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