1217 Cedar Avenue Long Beach, CA ^$ 2,795,000

1217 Cedar Avenue

^$ 2,795,000

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1217 Cedar Avenue

Long Beach, CA, 90813

^$ 2,795,000

Studio Baths0.0 Sq 8,086

Monthly Estimate*

^$ 18,576

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Studio

Multi-Family Home for sale in Long Beach, CA

for $2,795,000. This 8,086 square foot home was built in 1929 on a lot size of 0.16.

$100K PRICE REDUCTION. PRICED TO SELL. 11X GRM AND 5.8% CAP WITH UPSIDE TO 6.2% CAP. 14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. The property is professionally managed and well maintained. Some units have updated kitchens, baths and flooring. The property also just received updated landscaping and paint. The building features and excellent unit mix for the area and is located blocks from $8BB worth of redevelopment in the Down Town Long Beach area. There is no onsite parking but there is onsite laundry. The electrical is Siemens - it's a 200 AMP main panel with 30 AMP subpanels (Buyer to verify). EMAIL LA FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND ACTUAL EXPENSES.

Multi-Family Active

Price

^$ 2,795,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.16

Year Built

1929

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

0024385989

Features

General

Sewer None

Heating Wall Furnace

Zoning LBPD10

Year Built 1929

Levels Multi/Split

County Los Angeles

Net Operating Income 161000.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Long Beach

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Square Feet 7135.0

Street Name Cedar

Standard Status Active

Buyer Agent Compensation Type %

Exterior

Lot Size Area 7135.0

Foundation Details None

Building Area Total 8086.0

Lot Size Acres 0.16

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 2

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Avenue

Total Baths 0

* Excluded Features

List By

Jonathan Swire

Listing Agent

The Agency

Broker

Affordability Calculator

$18,576

Per Month

Monthly Principal & Interest: $18,576
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,058,429

Percent of Sale Price 26%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/29/2024	$2,795,000	-3.45%	Price Down
5/7/2024	$2,895,000		Listed Price

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1217 Cedar Avenue, Long Beach, CA, 90813 is a Multi-Family Home for sale at $2,795,000 with 8,086 sqft and a lot size of 0.16. 1217 Cedar Avenue is a studio with 0.0 baths and was built in 1929. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/29/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1217 Cedar Avenue

Multi-Family Home for sale in Long Beach, CA

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