1217 Cedar Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1217 Cedar Avenue,Long Beach, CA 90813
$2,399,000
  • 6 Beds
  • 14 Baths
  • 8,086 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26825645
Source:CRMLS

Price summary

  • Price:$2,399,000
  • Price per sq. ft.:$296.69

About this home

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 applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs...

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Home facts

  • Year built:1929
  • Listing ID #:26825645
  • Added:99 day(s) ago
  • Updated:August 26, 2026 at 11:03 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:14
  • Living area:8,086 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1929
  • Building area:8,086 sq. ft.
  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$2,399,000
  • Price per sq. ft.:$296.69
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