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1217 Cedar Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:CENTURY 21 Valley Properties
1217 Cedar Avenue,Long Beach, CA 90813
$2,429,000
  • 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:$2,429,000
  • Price per sq. ft.:$300.4

About this home

PRICED TO SELL AT 9.4 GRM & 6.7% CAP WITH UPSIDE TO 7.1% 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 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 at the site...

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Home facts

  • Year built:1929
  • Listing ID #:26825645
  • Added:69 day(s) ago
  • Updated:July 27, 2026 at 10:52 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:$2,429,000
  • Price per sq. ft.:$300.4
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Valley Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Valley Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Anthony Guetzoian

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