1217 Cedar Avenue
Long Beach, CA 90813
6
Bed
0
Bath
8,086Sqft
7,135Sqft(Lot)
PRICED TO SELL AT 9.6 GRM & 6.6% CAP WITH UPSIDE TO 6.9% 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 9% 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 announc
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total Bedrooms: 6Bathroom Information
Total Baths: 14 Full Baths: 0 Half Baths: 0 -
Cooling Features
None Air ConditioningHeating Source
Wall Furnace Has Heating
-
Building Information
Year Built: 1929 Building Area Total: 8,086
-
Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1638 -
Lot Size Source: Assessor Lot Size Square Feet: 7135
-
Listing Price Information
Original List Price: 2,479,000 Listing Contract Date: 2026-04-28 -
Lease Information
Listing Agreement: Seller Reserved
-
Tax Information
Parcel Number: 7272001023
-
Garage and Parking
Garage Description: NoneHomeowners Association
-
Other Property Info
Source Listing Status: Active Source Neighborhood: 4 - Downtown Area, Alamitos Beach Directions: 14 units in Long Beach close to downtown. Zoning: LBPD10 Source Property Type: Residential Income Area: 4 - Downtown Area, Alamitos Beach -
Building and Construction
Property Age: 97 Year Built Source: Vendor Enhanced Total Square Feet Living: 8086 Levels or Stories: Multi/Split
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1036 Cherry Avenue, Long Beach, CA, 90813 | $2,350,000 | 10 | -- | 4,722 | 4,722 SqFt |
| 1081 Cherry Avenue, Long Beach, CA, 90813 | $1,100,000 | 2 | -- | 2,773 | 2,773 SqFt |
| 1735 E 10th Street, Long Beach, CA, 90813 | $3,047,700 | 22 | -- | 10,253 | 10,253 SqFt |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,928 SqFt |
| 1419 E 15th, Long Beach, CA, 90813 | $995,000 | -- | -- | 2,292 | 2,292 SqFt |
| 755 Gaviota Avenue, Long Beach, CA, 90813 | $2,950,000 | -- | -- | 6,640 | 6,640 SqFt |
| 933 Walnut Avenue, Long Beach, CA, 90813 | $995,000 | 3 | 2 | 1,312 | 1,312 SqFt |
| 1056 Hoffman, Long Beach, CA, 90813 | $1,700,000 | 6 | 6 | 2,560 | 2,560 SqFt |
| 1720 Cerritos Avenue, Long Beach, CA, 90813 | $2,100,000 | -- | -- | 6,074 | 6,074 SqFt |
| 1377 Warren Avenue, Long Beach, CA, 90813 | $1,627,000 | 4 | -- | 4,944 | 4,944 SqFt |
Similar Homes To 1217 Cedar Avenue
Nearby For Sale
Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
ByOwner last updated this listing 06/06/2026 @ 00:54
More Cities with for Sale by Owner Homes
- Long Beach Homes For Sale By Owner
- Signal Hill Homes For Sale By Owner
- Wilmington Homes For Sale By Owner
- Carson Homes For Sale By Owner
- Lakewood Homes For Sale By Owner
- Rossmoor Homes For Sale By Owner
- Seal Beach Homes For Sale By Owner
- Hawaiian Gardens Homes For Sale By Owner
- Harbor City Homes For Sale By Owner
- San Pedro Homes For Sale By Owner
- Los Alamitos Homes For Sale By Owner
- Compton Homes For Sale By Owner
- Lomita Homes For Sale By Owner
- Sunset Beach Homes For Sale By Owner
- Torrance Homes For Sale By Owner
- Bellflower Homes For Sale By Owner
- Paramount Homes For Sale By Owner
- Artesia Homes For Sale By Owner
- Cypress Homes For Sale By Owner
- Rolling Hills Homes For Sale By Owner
Homes around $2,479,000
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.