1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
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1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
1217 Cedar Ave
For Sale

1217 Cedar Ave

1217 Cedar Ave, Long Beach, CA 90813

$2,895,000
14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 11.3X GRM and 5.6% CAP on current rents - with upside to a 5.9% CAP. 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.

6
beds

14
baths

8,086 Sq.Ft. LIVING AREA

7,135 Sq.Ft. lot

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 1217 Cedar Ave, Long Beach, CA 90813. We are reviewing your request and will be in touch shortly!

Features & Amenities

Interior

  • total bedrooms6
  • Total bathrooms14
  • APPLIANCES None

Area & Lot

  • Status For Sale
  • Living Area8,086 Sq.Ft.
  • Lot Area7,135 Sq.Ft.
  • MLS® ID24-385989
  • TypeResidential
  • YEAR BUILT1929

Exterior

  • STORIES2
  • parkingNone
  • HEAT TYPEWall
  • AIR CONDITIONINGNone

Financial

  • Sales Price$2,895,000
  • Zoning LBPD10

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