1217 Cedar Avenue
Long Beach, CA 90813
6
Bed
0
Bath
8,086Sqft
7,135Sqft(Lot)
PRICED TO SELL AT 9.5 GRM & 6.7% CAP WITH UPSIDE TO 7.0% CAP. 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. EARN OVER 10% CASH ON CASH AGAINST IN-PLACE RENTS. 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 applications announ
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: Wall Furnace 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: $2439000Original 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 | -- | 4,722 | 4,722 SqFt |
| 1081 Cherry Avenue, Long Beach, CA, 90813 | $1,050,000 | 2 | -- | 2,773 | 2,773 SqFt |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,928 SqFt |
| 1014 Gaviota Avenue, Long Beach, CA, 90813 | $668,000 | 2 | -- | 914 | 914 SqFt |
| 755 Gaviota Avenue, Long Beach, CA, 90813 | $2,875,000 | -- | -- | 6,640 | 6,640 SqFt |
| 933 Walnut Avenue, Long Beach, CA, 90813 | $969,000 | 3 | 2 | 1,312 | 1,312 SqFt |
| 1377 Warren Avenue, Long Beach, CA, 90813 | $1,627,000 | 4 | -- | 4,944 | 4,944 SqFt |
| 1416 Orange, Long Beach, CA, 90813 | $1,299,999 | 6 | 4 | 2,926 | 2,926 SqFt |
| 1310 E Hellman, Long Beach, CA, 90813 | $1,725,000 | -- | -- | 5,735 | 5,735 SqFt |
| 1242 E 7th St, Long Beach, CA, 90813 | $1,150,000 | -- | -- | 2,875 | 2,875 SqFt |
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ByOwner last updated this listing 07/22/2026 @ 07:50
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