330 Cedar Avenue, Long Beach, CA 90802

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
330 Cedar Avenue,Long Beach, CA 90802
$4,695,000
  • 7 Beds
  • 25 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:25618923
Source:CRMLS

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Price summary

  • Price:$4,695,000

About this home

PRICED TO SELL. Under 10 GRM and 6.0% CAP. 25 units in the heart of Downtown Long Beach. Excellent unit mix for the area. Well-maintained and professionaly managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). The building is blocks from over $8BB in redevelopment including the new Library and many new apartment complexes and restaurants. All unit interiors and common areas heavily updated. The buildings electrical was updated to a 400 AMP main panel and 60 AMPS in each unit and the roof was replaced in 2020. The building was also retrofitted in 1989. New laminate flooring throughout the common areas. Onsite laundry in the basement area. There is a separate house in the rear that has 2 large units - a 3 bed/1 bath and 1 bed/1 bath unit. Loan quote provided by David Guevara. Momenta Capital Group. Qualified Buyers can put as little as 28% down and earn over an 8% cash on cash return against in-place rents. Anduril Industries, a cutting-edge defense...

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Home facts

  • Year built:1915
  • Listing ID #:25618923
  • Added:314 day(s) ago
  • Updated:September 25, 2026 at 06:26 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:25

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1915

Finances and disclosures

  • Price:$4,695,000

Parking

  • Total parking spaces:2
  • Parking description:Assigned
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