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Closed
- Listed price
- $2,250,000
- Listed Apr 3, 2024
- Sold price
- $2,185,000
- Sold Jul 5, 2024
6,252 sqft lot|1963 Built|8 MLS days on market
348 Cerritos Ave, Long Beach, CA 90802
Property Description
Well kept 8 unit apartment building built in 1963 in great Downtown rental area. 7 two bedroom/one bath units and 1 two bath/two bath units. Over $49,000 recently spent to paint the exterior and install a new roof. Many long term tenants with lower than market rents. Current rents average $1,819 ($14,552 per month). Current Market rents average $2,481 per month or $19,948 per month. Market rents based on RentOmeter analysis.
Listing agent: W. Kurt WoodDRE #00452182wkw@belmontbrokerage.com, Listing office: Belmont Brokerage & Mgmt. INC.
MLS data updated 10/26/2026, 5:25:22 PM PT
Source: CRMLSMLS #: PW24063142
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,185,000
Jul 5, 2024
Available records22024
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,185,000Closed sale · Jul 5, 2024ZIP 90802 · Jul 2024
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 2 price recordsApr 3, 2024 – Jul 5, 2024
ZIP 90802 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.