Listed by W. Kurt Wood, Belmont Brokerage & Mgmt. INC., (562) 301-6763 . Bought with Sage Real Estate Group, Inc.
$2,021,900
- 16 Beds
- 9 Baths
- 6,232 sqft
348 Cerritos Ave, Long Beach, CA 90802
Est. Refi. Payment $12,727/mo*
Refinance Your HomeCurrently Off Market - Sold Jul 5, 2024 for $2,185,000
Home Value
Trulia Estimate
$2.02MSince last month
Decreased$125K (-5.8%)Since last year
Decreased$113K (-5.2%)Since last sale
Decreased$140K (-6.4%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +336% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $2.05M |
| August 2026 | $2.17M |
| July 2026 | $2.22M |
| June 2026 | $2.24M |
| May 2026 | $2.08M |
| April 2026 | $1.99M |
| March 2026 | $2.01M |
| February 2026 | $2.09M |
| January 2026 | $2.11M |
2025 | |
2024 | |
2023 | |
2020 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.14 | Multi-Family Home | $2,200,000 | 09/29/25 | 16 | 9 | 7,122 | |
0.11 | Multi-Family Home | $1,560,000 | 07/14/26 | 11 | 10 | 5,864 | |
0.22 | Multi-Family Home | $1,775,000 | 05/01/26 | 10 | 10 | 5,477 | |
0.33 | Multi-Family Home | $1,850,000 | 12/22/25 | 11 | 11 | 6,087 | |
0.11 | Multi-Family Home | $1,385,000 | 07/08/26 | 9 | 8 | 4,629 | |
0.45 | Multi-Family Home | $2,150,000 | 05/19/26 | 12 | 8 | 4,971 | |
0.05 | Multi-Family Home | $1,750,000 | 12/22/25 | 3 | 12 | 6,715 | |
0.45 | Multi-Family Home | $1,605,000 | 04/29/26 | 14 | 7 | 5,707 | |
0.34 | Multi-Family Home | $2,600,000 | 10/31/25 | 19 | 12 | 10,113 | |
0.28 | Multi-Family Home | $3,325,000 | 05/12/26 | 11 | 13 | 7,906 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.02 | $587,400 | 2 | 1.5 | 977 | Off Market | |
0.02 | $556,300 | 2 | 2 | 1,091 | Off Market | |
0.05 | $1,750,000 | 3 | 12 | 6,715 | Recently Sold | |
0.06 | $640,100 | 2 | 2 | 1,178 | Off Market | |
0.07 | $382,100 | 1 | 1 | 610 | Off Market | |
0.07 | $480,800 | 2 | 1 | 813 | Off Market | |
0.08 | $910,000 | 2 | 2 | 1,649 | Recently Sold | |
0.08 | $430,100 | 2 | 2 | 898 | Off Market | |
0.08 | $1,941,900 | 9 | 8 | 6,096 | Off Market | |
0.08 | $565,000 | 2 | 2 | 898 | For Sale | |
0.08 | $934,800 | 1 | 1.5 | 1,840 | Off Market |
Local Information
-- mins to
Home Highlights
Multi-Family
Built in 1963
6,232 sqft
$324/sqft
Garage
About this House
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.
348 Cerritos Ave, Long Beach, CA 90802 is a 16 bedroom, 9 bathroom, 6,232 sqft multi-family in Alamitos Beach, built in 1963. It last sold for $2,185,000 on Jul 5, 2024 (3% below the $2,250,000 asking price). More recently, it was listed as a rental in January 2018 with an asking price of $1,495 per month. That rental listing was removed on January 16, 2018. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $2,021,900, with a rent estimate of $2,766/month.
Home Details for 348 Cerritos Ave
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Beds & Baths Number of Bedrooms: 16Number of Bathrooms: 9 |
Appliances & Utilities Utilities: Cable Available, Electricity Connected, Sewer Connected, Water ConnectedLaundry: Laundry Room |
Heating & Cooling No CoolingAir Conditioning: None |
Fireplace & Spa Fireplace: NoneSpa: NoneNo FireplaceNo Spa |
Windows, Doors, Floors & Walls Common Walls: No Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: Side Gate |
View No ViewView: None |
Security Security: Gated Community, Smoke Detector(s) |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 4Number of Covered Spaces: 4Has a GarageNo Attached GarageParking Spaces: 4Parking: Assigned |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Sewer Tap Paid |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 8 |
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Year Built Year Built: 1963 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: StuccoNot a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Parcel Number: 7275005003 |
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Price List Price: $2,250,000 |
Status Change & Dates Off Market Date: Thu Apr 11 2024Possession Timing: Close Of Escrow |
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MLS Status: Closed |
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Direction & Address City: Long BeachCommunity: Alamitos Beach (Ab) |
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Building Area Building Area: 6232 Square Feet |
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Community Features: Biking, Curbs, Storm Drain(s), Street Lights, Suburban, Sidewalks, GatedNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 6252 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan |
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Expense Tenant Pays: Cable TV, Electricity |
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Has Rent Control |
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Mls Number: PW24063142Living Area Range Units: Square FeetAttribution Contact: 562-301-6763Common Interest: Community ApartmentUniversal Property Id: US-06037-N-7275005003-R-N |
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BikingCurbsStorm Drain(s)Street LightsSuburbanSidewalksGated |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 5, 2024 Source: CRMLS #PW24063142 | Sold | $2,185,000 |
Apr 12, 2024 Source: CRMLS #PW24063142 | Pending | $2,250,000 |
Apr 3, 2024 Source: CRMLS #PW24063142 | Listed For Sale | $2,250,000 |
Jan 16, 2018 Source: Agent Provided | ListingRemoved | $1,495 |
Jan 12, 2018 Source: Agent Provided | Listed For Rent | $1,495 |
Market trends in Long Beach
Last updated August 2026
Avg. sale price
$820K
$3.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$649
$3MoM
Available listings
825
28MoM
Around this home
What Locals Say about Alamitos Beach
At least 385 Trulia users voted on each feature.
97 % Say it's dog friendly
96 % Say there are sidewalks
95 % Say it's walkable to restaurants
78 % Say it's walkable to grocery stores
66 % Say people would walk alone at night
65 % Say streets are well-lit
62 % Say neighbors are friendly
61 % Say there's holiday spirit
61 % Say car is needed
49 % Say they plan to stay for at least 5 years
38 % Say there's wildlife
38 % Say yards are well-kept
33 % Say kids play outside
30 % Say there are community events
30 % Say it's quiet
10 % Say parking is easy
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

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. as of 2026-09-23 10:31:33 PDT 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
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-23 10:31:33 PDT 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
Frequently asked questions about 348 Cerritos Ave
- What is 348 Cerritos Ave estimated to be worth?Trulia's estimated value for 348 Cerritos Ave in Long Beach, CA is $2,021,900.
- What is the price history for 348 Cerritos Ave?348 Cerritos Ave in Long Beach, CA last sold for $2,185,000 in July 2024.
- Is Long Beach a buyer's or seller's market?Long Beach is currently a seller's market, based on recent for-sale activity.
- What's the median sale price in Long Beach?The median sale price in Long Beach is $820K. That is up $3.33K from the prior month.
- Does 348 Cerritos Ave have laundry facilities?Yes, 348 Cerritos Ave in Long Beach, CA has laundry facilities.