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. 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.
Listed by Kristen Mussenden
·
License #02096276
·
Buckingham Investments, Inc
·
323-362-2253
Listed by Matthew Mahowald
·
License #02001732
·
Buckingham Investments, Inc
Last updated October 16, 2025
·
Source: CRMLS #SB25166797
Listing Facts
TypeMulti-family
NeighborhoodNorth Alamitos Beach
Days on Prevu90
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/05/2025
Status changed to Active
$2,150,000
10/03/2025
Status changed to Removed from Feed
$2,150,000
09/21/2025
Status changed to Active
$2,150,000
09/19/2025
Status changed to Removed from Feed
$2,150,000
09/18/2025
Status changed to Active
$2,150,000
09/17/2025
Status changed to Removed from Feed
$2,150,000
09/16/2025
Status changed to Active
$2,150,000
09/14/2025
Status changed to Removed from Feed
$2,150,000
09/12/2025
Status changed to Active
$2,150,000
09/06/2025
Status changed to Removed from Feed
$2,150,000
09/05/2025
Status changed to Active
$2,150,000
09/04/2025
Status changed to Removed from Feed
$2,150,000
09/01/2025
Status changed to Active
$2,150,000
08/29/2025
Status changed to Removed from Feed
$2,150,000
07/24/2025
Listed by Buckingham Investments, Inc
$2,150,000
Property Details for 615 Cerritos Avenue
Association
Amenities
Community Features: Street Lights, Sidewalks, Urban
Exterior
Construction
Number Of Units Total: 8
Stories: 2
Stories Total: 2
Year Built: 1963
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Ground Floor
Measurements
Building Area Total: 6,144
Building Area Units: Square Feet
Lot Features: No Landscaping, Rectangular Lot, Walkstreet
Lot Size Acres: 0.14
Lot Size Area: 6,359
Lot Size Source: Assessor
Lot Size Square Feet: 6,359
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $207,360.00
Operating Expense: $67,072.00
Taxes
Parcel Number: 7266006024
Other
Location
Subdivision Name: Alamitos Beach (AB)
Tax Lot: 8
Parking
Parking
Garage Spaces: 4
Garage: Yes
Parking Total: 4
Utilities
Equipment
Heating: Radiant
Has Heating: Yes
Laundry Features: Common Area
Sewer: Public Sewer
Water Source: Public
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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.