3605 Cerritos Avenue
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Feb 11, 2026 | In contract | - | |
| In contract | |||
| Feb 4, 2026 | Listed by eXp Realty of Greater Los Angeles | $795,000 | |
| Listed by eXp Realty of Greater Los Angeles | |||
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Immerse yourself in a whimsical underwater wonderland tucked away in the heart of Long Beach's cherished California Heights historic district. This enchanting 1924 California Bungalow isn't just a home; it's a captivating escape where the magic of the sea comes alive on land, with graceful mermaids, shimmering seashells, and curated ocean treasures infusing every corner with serene coastal charm and playful personality. Step through the door and let the waves of vintage allure wash over you. The picturesque facade gives way to an interior that blends timeless bungalow character with modern sophistication and a delightful under-the-sea theme that transports you to a hidden oceanic realm. Bamboo laminate floors flow like gentle currents throughout, leading you to the heart of the home: a beautifully upgraded open-concept kitchen designed for effortless living and entertaining. Here, granite countertops with custom edging gleam like polished pearls, complemented by a chic granite backsplash, deep cabinetry for all your treasures, a double oven, gas stove, instant hot water dispenser, and cleverly concealed stackable washer-dryer. The inviting living room, warmed by a cozy gas fireplace, opens seamlessly to the kitchen; perfect for gatherings where stories of the deep (or the day) unfold under the glow of solar tubes. Two serene bedrooms and a remodeled bath offer peaceful retreats, while thoughtful updates like central AC/heat, Renewal by Andersen double-paned windows, cordless honeycomb blinds, full copper plumbing, and complete electrical rewiring ensure year-round comfort and peace of mind. But the true hidden gem? A separate ADU with its own cozy living room, full bath, screened sun porch sanctuary, and private patio entrance; a secluded cove ideal for guests, family, or generating effortless rental income (previously thriving as an Airbnb haven). Outside, the landscaped yard with drip irrigation, sprinklers, and rock accents invites al fresco moments on the covered patio, with driveway parking (including boat space) adding practical appeal. All this in a vibrant, walkable neighborhood near distinguished schools, just moments from Long Beach's beaches; where your under-the-sea dream becomes reality. This one-of-a-kind oceanic oasis is turnkey and ready to enchant its next owner. Don't let this rare treasure slip away and schedule your private voyage today!
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| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 14, 2018 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017