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903 Cerritos Ave, Long Beach, CA 90813
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903 Cerritos Ave Long Beach, CA 90813

$1,100,889 Sold Price as of 09/20/2023
  • 8 Beds
  • 4 Baths
  • 2,594 Sq.Ft.
Sold
$1,100,889 Sold Price as of 09/20/2023 Refinance Your Mortgage
Map preview of 903 Cerritos Ave, Long Beach, CA 90813

Property Overview: 903 Cerritos Ave Long Beach, CA has 8 bedrooms, 4 bathrooms, 2,594 living square feet and 5,599 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A concise 4-unit, one-story home is available for sale in this residential neighborhood of Long Beach. All units feature 2 bedrooms and 1 bathroom with a decent floor plan and well-proportioned layout. The property is conveniently located close to prime areas and is within reasonable distance of the beach, with easy access to freeways. It is situated in a high-demand rental area and is currently fully occupied, requiring low maintenance, which means you will yield a higher return on your investment. The listed rents are the actual rents being collected. Additionally, there are four parking spaces at the back of the property. Some of the units have been updated with certain items. The property generates stable income with upside potential in this growing area, offering endless potential for the buyer. Three tenants are on month-to-month leases and one tenant's lease will be expired soon. The location is just minutes away from supermarkets, restaurants, parks, shopping areas, and bus stations. The seller is motivated, and the offer is subject to inspection.

Listed by RHEA BAI | BRE #01360246 | RE/MAX PREMIER/ARCADIA
Last checked: 10 minutes ago | Last updated: September 21st, 2023 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
5,599
HOA Dues
$0/mo
Year built
1949
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
WS23138554
City
Long Beach
County
Los Angeles
Time on Site
414 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,985
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,837
  • Total Rent: $1,837
  • Pro Forma/Market Rent: $1,985
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,738
  • Total Rent: $1,738
  • Pro Forma/Market Rent: $1,985
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,985
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $82,500
  • Net Operating Income: $59,361
  • Gross Operating Income: --
  • Vacancy Allowance: $2,475
Annual Expense Breakdown
  • Total Operating Expense: $20,664
  • Electric: $120
  • New Taxes: $14,750
  • Trash: $1,200
  • Gardener: $600
  • Insurance: $1,200
  • Water/Sewer: $2,794

Property Details for 903 Cerritos Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7267025013
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: 10th and Alamitos
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 903 Cerritos Ave

Last sold for $1,100,889 on September 20th, 2023

  • September, 2023

  • Sep 20, 2023

    Date

    Sold

    CRMLS: WS23138554

    $1,100,889

    Price

  • Aug 4, 2023

    Date

    Active

    CRMLS: WS23138554

    $1,180,000

    Price

  • October, 2022

  • Oct 10, 2022

    Date

    Leased

    CRMLS: OC22215820

    $1,600

    Price

  • Oct 4, 2022

    Date

    Active

    CRMLS: OC22215820

    $1,600

    Price

  • Listing provided courtesy of CRMLS

    Very nice ready to move in apartment (Unit D) in central area of Long Beach. End unit also right next to parking

  • September, 2021

  • Sep 16, 2021

    Date

    Price Change

    CRMLS: OC21198721

    $1,600

    Price

  • Sep 8, 2021

    Date

    Active

    CRMLS: OC21198721

    $1,700

    Price

  • Listing provided courtesy of CRMLS

    Very nice ready to move in apartment (Unit D) in central area of Long Beach. End unit also right next to parking

  • July, 2021

  • Jul 8, 2021

    Date

    Leased

    CRMLS: OC21139435

    $1,600

    Price

  • Jul 1, 2021

    Date

    Price Change

    CRMLS: OC21139435

    $1,600

    Price

  • Jun 26, 2021

    Date

    Active

    CRMLS: OC21139435

    $1,700

    Price

  • Listing provided courtesy of CRMLS

    Very nice ready to move in apartment (Unit B) in central area of Long Beach. News Floors just installed !

  • May, 2021

  • May 19, 2021

    Date

    Leased

    CRMLS: OC21035678

    $1,600

    Price

  • May 9, 2021

    Date

    Pending

    CRMLS: OC21035678

    $1,600

    Price

  • Apr 29, 2021

    Date

    Price Change

    CRMLS: OC21035678

    $1,600

    Price

  • Feb 28, 2021

    Date

    Price Change

    CRMLS: OC21035678

    $1,650

    Price

  • Feb 20, 2021

    Date

    Active

    CRMLS: OC21035678

    $1,700

    Price

  • Listing provided courtesy of CRMLS

    Very nice ready to move in apartment (Unit B) in central area of Long Beach. Main floor! Unit is being brought up to par, will be ready to view soon. *Pictures are from Unit C currently. They are similar to Unit B interior*

  • June, 2020

  • Jun 30, 2020

    Date

    Leased

    CRMLS: OC20042675

    $1,600

    Price

  • Jun 29, 2020

    Date

    Pending

    CRMLS: OC20042675

    $1,600

    Price

  • May 26, 2020

    Date

    Price Change

    CRMLS: OC20042675

    $1,600

    Price

  • Mar 18, 2020

    Date

    Price Change

    CRMLS: OC20042675

    $1,700

    Price

  • Feb 27, 2020

    Date

    Active

    CRMLS: OC20042675

    $1,800

    Price

  • Listing provided courtesy of CRMLS

    Welcome home to Cerritos Ave APT C! Enjoy life's simple pleasures and great city views. Located in the heart of Long Beach, CA, Cerritos Ave APT C offers modern living and is ideal for those seeking the ultimate in comfort and convenience. Living in this apartment home means everything that you need and love is close at hand. Our location puts you just minutes away from local schools, fine dining, entertainment attractions, and fabulous shopping. Cerritos Ave APT C offers enough space, tiles flooring, one parking space with an amazing city view. WON’T LAST LONG - text or call today (949) 791-7862

  • April, 2020

  • Apr 8, 2020

    Date

    Leased

    CRMLS: OC20023385

    $1,700

    Price

  • Mar 29, 2020

    Date

    Pending

    CRMLS: OC20023385

    $1,700

    Price

  • Mar 18, 2020

    Date

    Price Change

    CRMLS: OC20023385

    $1,700

    Price

  • Feb 2, 2020

    Date

    Active

    CRMLS: OC20023385

    $1,800

    Price

  • Listing provided courtesy of CRMLS

    Very nice ready to move in apartment (Unit D) in central area of Long Beach. Main floor! Unit is being brought up to par, will be ready to view soon.

  • October, 2019

  • Oct 16, 2019

    Date

    Leased

    CRMLS: OC19143720

    $1,670

    Price

  • Jul 9, 2019

    Date

    Pending

    CRMLS: OC19143720

    $1,750

    Price

  • Jun 18, 2019

    Date

    Active

    CRMLS: OC19143720

    $1,750

    Price

  • Listing provided courtesy of CRMLS

    Very nice ready to move in apartment (Unit A) in central area of Long Beach. Main floor!

  • March, 2017

  • Mar 20, 2017

    Date

    Sold (Public Records)

    Public Records

    $660,000

    Price

  • June, 2002

  • Jun 11, 2002

    Date

    Sold (Public Records)

    Public Records

    $258,000

    Price

Show More

Tax History for 903 Cerritos Ave

Assessed Value (2020): $700,396
Year Land Value Improved Value Assessed Value
2020 $488,155 $212,241 $700,396

Home Value Compared to the Market

This property vs the competition

903 Cerritos Ave sold on September 20, 2023 for 44.08% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $454.9 per/sqft which puts the price per square foot 27.56% lower than the current median sale per square foot for the city of Long Beach.

About 903 Cerritos Ave

Detailed summary of property

903 Cerritos Ave is a fourplex that recently sold in Long Beach, CA 90813. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 2,594 living square feet, and sits on an approximately 5,599 square foot lot. 903 Cerritos Ave was first listed on ArdentRealEstateGroup.com on August 2, 2023. The homeowner sold the property for $1,100,889. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 44.08% higher than the current median priced home. Local homes that are currently for sale include 229 W 8th St, 340 E 19th St and 332 W 9th St. While the average home in Long Beach, CA is selling in 62 days, 903 Cerritos Ave has a days on market of 15 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 903 Cerritos Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 903 Cerritos Ave

Public county record property details
Beds
8
Baths
4
Year built
1949
Sq. Ft.
2,594
Lot Size
5,598
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
23,24
APN
7267-025-013

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$560,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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