1217 Cedar Avenue
Long Beach, CA 90813
6
Bed
14
Bath
8,086Sqft
7,135Sqft(Lot)
PRICED TO SELL AT 9.3 GRM & 6.8% CAP WITH UPSIDE TO 7.2% CAP. Earn over a 10% cash on cash return against in place rents. 14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). 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). Anduril Industries, a cutting-edge defense technology company specializing in AI applicati
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 14 -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Cooling: None
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Building Information
Year Built: 1929Building Area Total: 8086Private Pool: No
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Lot Information
Main Square Feet: 7135 Lot Size Acres: 0.1638 Lot Size Source: Assessor Lot Size Square Feet: 7,135
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Listing Price Information
Listing Price: $2399000Original Price: $2499000
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Tax Information
Parcel Number: 7272001023
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Virtual Tour
Parking Information
None
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Location Information
Direction: 14 units in Long Beach close to downtown.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1036 Cherry Avenue, Long Beach, CA, 90813 | $2,275,000 | 10 | 8 | 4,722 | 5,844 Sqft |
| 1012 Vina, Long Beach, CA, 90813 | $599,999 | 3 | 2 | 1,206 | 3,711 Sqft |
| 1061 N Minerva, Long Beach, CA, 90813 | $595,000 | 1 | 1 | 703 | 2,766 Sqft |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,632.40 Sqft |
| 1323 Walnut Ave, Long Beach, CA, 90813 | $1,599,000 | 8 | 6 | -- | 6,362 Sqft |
| 1390 Gundry Avenue, Long Beach, CA, 90813 | $530,000 | 1 | 1 | 654 | 2,230 Sqft |
| 755 Gaviota Avenue, Long Beach, CA, 90813 | $2,875,000 | 2 | 2 | -- | 6,728 Sqft |
| 933 Walnut Avenue, Long Beach, CA, 90813 | $959,000 | 3 | 2 | 1,312 | 4,013 Sqft |
| 1442 Alamitos Avenue, Long Beach, CA, 90813 | $725,000 | -- | 3 | 1,064 | 2,018 Sqft |
| 1377 Warren Avenue, Long Beach, CA, 90813 | $1,627,000 | 4 | -- | 4,944 | 5,700 Sqft |
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ByOwner last updated this listing 09/07/2026 @ 00:49
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