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615 Cerritos AvenueLong Beach, CA 90802

For Sale

$2,150,000

Smart Buyer Rebate $21,500

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

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License #02096276

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Buckingham Investments, Inc

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323-362-2253

Listed by Matthew Mahowald

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License #02001732

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Buckingham Investments, Inc

Last updated October 16, 2025

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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.

Full MLS Disclaimers

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.