GetMyHome
‪(213) 433-7766‬

3404 Cerritos Ave, Long Beach, California 90807, Long Beach, - bed, bath

home-pic
PENDING$1,450,000
3404 Cerritos Ave, Long Beach, California 90807
0Bed
0Bath
4,675Sqft
6,450Lot
Year Built
1978
Close
-
List price
$1.45M
Original List price
$1.55M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25214132
Home ConditionFair
Features
Patio
View-

About this home

Fantastic Investment Opportunity in California Heights! Located in one of Long Beach’s most desirable neighborhoods, this well-maintained 4-unit property offers spacious layouts and strong rental potential. Conveniently close to shopping, dining, and major freeways. - Unit 101: Front unit featuring 3 bedrooms, 2 bathrooms, approx. 1,575 sq. ft., vaulted ceilings, fireplace, large primary suite with ensuite bath, and newer laminate flooring throughout. - Units 103 & 104: Each offers 2 bedrooms, 1 bathroom, approx. 1,100 sq. ft., with updated laminate flooring and comfortable living spaces. - Unit 102: A generously sized 1-bedroom, 1-bath unit, approx. 900 sq. ft., also featuring newer laminate flooring. Additional highlights include six garages, providing ample parking and potential for extra income. This is a rare opportunity to own a multi-unit property in a prime location with strong upside.

Price History

Date
Event
Price
09/30/25
Price Change
$1,450,000-6.5%
09/12/25
Listing
$1,550,000
02/22/13
Sold
$775,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot4,6753,788
50%
Lot Size6,4505,283
50%
Price$1.45M$1.37M
50%
Price per square foot$310$378.5
50%
Built year19789765989
100%
HOA
Days on market54101
50%
Condition Rating
Fair
Built in 1978, the property shows signs of regular maintenance and includes 'newer laminate flooring' in all units, which is a positive update. However, the visible kitchens feature dated wood cabinetry, white appliances, laminate countertops, and a mirror backsplash, indicating they are significantly outdated and likely haven't seen a major renovation in 20-30+ years. While the description mentions an 'ensuite bath' in Unit 101, there are no images or specific details about bathroom conditions, suggesting they are likely in a similar dated state as the kitchens. Major systems may also be original or older, as noted in the property analysis. The property is functional and maintained but requires substantial updates to kitchens and bathrooms to meet current aesthetic and functional standards.
Pros & Cons

Pros

Strong Investment Opportunity: This 4-unit property is explicitly marketed as a 'Fantastic Investment Opportunity' with 'strong rental potential' and 'strong upside' in a prime location, making it attractive for income-focused buyers.
Prime & Desirable Location: Located in California Heights, one of Long Beach's most desirable neighborhoods, offering convenient access to shopping, dining, and major freeways, enhancing tenant appeal and property value.
Diversified Unit Mix & Spacious Layouts: Features a desirable mix of units (3-bed, two 2-bed, one 1-bed) with generous square footage, including a large 1,575 sq. ft. 3-bedroom unit with vaulted ceilings, catering to a broad tenant base.
Ample Parking & Additional Income Potential: The property includes six garages, providing significant value through ample tenant parking and the potential for additional rental income, a rare amenity for multi-unit properties.
Updated Interior Finishes: All units feature newer or updated laminate flooring, indicating recent cosmetic improvements that contribute to a modern and comfortable living environment for tenants.

Cons

Property Age & Potential for System Upgrades: Built in 1978, the property, while described as well-maintained, may have original or older major systems (e.g., HVAC, plumbing, electrical, roof) that could require significant capital expenditure in the near future.
Recent Price Reduction: The property has undergone a $100,000 price reduction from its original list price, which could suggest initial overpricing or a slower-than-expected market response.
Limited Specific Renovation Details: Beyond newer laminate flooring, the description lacks specific details on recent major renovations to kitchens, bathrooms (other than Unit 101's primary suite), or other high-cost areas, which might indicate these areas are dated or will require future investment.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State