541 Cerritos Ave Long Beach, CA 90802
North Alamitos Beach NeighborhoodEstimated payment $7,618/month
Total Views
347
4
Beds
4
Baths
1,980
Sq Ft
$606
Price per Sq Ft
Highlights
- No Units Above
- Craftsman Architecture
- No HOA
- Long Beach Polytechnic High School Rated A
- Corner Lot
- Wall Furnace
About This Home
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.
Listing Agent
AGNS Realty Inc. Brokerage Phone: 626-825-9971 License #01889950 Listed on: 07/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,655
Year Built
- Built in 1922
Lot Details
- 3,285 Sq Ft Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Corner Lot
Parking
- On-Street Parking
Home Design
- Craftsman Architecture
- Quadruplex
Interior Spaces
- 1,980 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 11933
- Assessor Parcel Number 7266007002
- $709 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Alamitos Beach Subdivision
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,600
- Maintenance Expense $4,516
- Professional Management Expense $4,200
- Water Sewer Expense $2,400
- Operating Expense $12,716
- Gross Income $74,853
- Net Operating Income $61,967
Map
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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 |
|---|---|---|---|---|
| 2024 | $11,655 | $880,802 | $573,052 | $307,750 |
| 2023 | $11,454 | $863,532 | $561,816 | $301,716 |
| 2022 | $10,753 | $846,600 | $550,800 | $295,800 |
| 2021 | $10,535 | $830,000 | $540,000 | $290,000 |
| 2020 | $9,497 | $737,234 | $499,822 | $237,412 |
| 2019 | $9,385 | $722,779 | $490,022 | $232,757 |
| 2018 | $9,130 | $708,608 | $480,414 | $228,194 |
| 2016 | $8,407 | $681,094 | $461,760 | $219,334 |
| 2015 | $8,072 | $670,864 | $454,824 | $216,040 |
| 2014 | $8,026 | $657,724 | $445,915 | $211,809 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | For Sale | $1,200,000 | 0.0% | $606 / Sq Ft |
| 03/28/2025 03/28/25 | Rented | $1,700 | 0.0% | -- |
| 03/27/2025 03/27/25 | Off Market | $1,700 | -- | -- |
| 03/05/2025 03/05/25 | For Rent | $1,700 | +6.3% | -- |
| 11/13/2023 11/13/23 | Rented | $1,600 | 0.0% | -- |
| 11/13/2023 11/13/23 | Off Market | $1,600 | -- | -- |
| 08/14/2023 08/14/23 | For Rent | $1,600 | 0.0% | -- |
| 08/08/2023 08/08/23 | Off Market | $1,600 | -- | -- |
| 08/01/2023 08/01/23 | For Rent | $1,600 | 0.0% | -- |
| 07/31/2023 07/31/23 | Off Market | $1,600 | -- | -- |
| 07/14/2023 07/14/23 | For Rent | $1,600 | 0.0% | -- |
| 08/31/2020 08/31/20 | Sold | $830,000 | -2.4% | $419 / Sq Ft |
| 05/12/2020 05/12/20 | Pending | -- | -- | -- |
| 04/20/2020 04/20/20 | For Sale | $850,000 | 0.0% | $429 / Sq Ft |
| 10/12/2012 10/12/12 | Rented | $795 | 0.0% | -- |
| 10/12/2012 10/12/12 | Under Contract | -- | -- | -- |
| 09/24/2012 09/24/12 | For Rent | $795 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $830,000 | Ticor Title | |
| Grant Deed | -- | Ticor Title | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Grant Deed | -- | Commonwealth Land Title Co | |
| Interfamily Deed Transfer | -- | Commonwealth Land Title Co | |
| Administrators Deed | $590,000 | Commonwealth Land Title Co | |
| Grant Deed | $490,000 | Provident Title Company | |
| Interfamily Deed Transfer | -- | Provident Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $755,000 | New Conventional | |
| Closed | $539,500 | New Conventional | |
| Previous Owner | $137,995 | Credit Line Revolving | |
| Previous Owner | $490,000 | Negative Amortization | |
| Previous Owner | $195,865 | Seller Take Back | |
| Previous Owner | $392,000 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | Unknown |
Source: Public Records
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25160658
APN: 7266-007-002
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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