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1044 Cedar Avenue

Long Beach, CA 90813

– beds
– baths
– sqft
7,451 sqft lot
1915 build
– on site

***Just reduced by $220,000***6.8% Cap Rate***SIX unit building just north of Downtown Long Beach. Property consists of a 4 bed 2 bath Craftsman single family home in front, and a rear building with 5 additional units (TWO 2bed 1 bath units, TWO 1 bed 1 bath units, and ONE non-conforming 2 bed 1 bath basement apartment). Amenities include on-site parking, on-site laundry for extra income, and an upstairs observation deck with 360-degree views of the San Gabriel Mountains, the Downtown skyline, and Palos Verdes Peninsula. All tenants are long-term multiple-year occupants on month-to-month rental contracts. These extremely well-performing units are all month to month with wonderful long-term tenants, a 6.8% Cap rate and tons of growth potential!

Listed By CRMLS_CA / Terry McCarty / Coldwell Banker Realty / 714-392-2880

Last checked: Checking… • Last updated Apr 8, 2024 •

MLS# OC23184659 —

The Building

Year Built:

1915
Year Built Source:

Assessor
New Construction:

No
Architectural Style:

Craftsman
Roof:

Composition
Entry Level:

1
Common Walls:

1 Common Wall
Building Area Total:

4766.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

6
Stories Total:

2
# of Separate Gas Meters:

6
# of Separate Water Meters:

1
# of Separate Electric Meters:

6

Interior

Features:

Ceiling Fan(s)
Entry Location:

First Floor
Fireplace:

Yes
Fireplace:

Living Room
Laundry:

Common Area, Individual Room
Laundry:

1

Location

Directions:

North of 10th St/ West of Pacific
Latitude:

33.77988900
Longitude:

-118.19467600

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

LBPD10
Lot Features:

Back Yard, Front Yard, Lot 6500-9999, Level
Lot Size Area:

7451.0000
Lot Size Acres:

0.1711
Lot Size SqFt:

7451.00
Lot Size Source:

Assessor
View:

1
View:

City Lights
Fencing:

Wood
Fence:

Yes
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5758.03
Tax Tract:

20
Tax Lot:

20

The Listing

Buyer's Brokerage Compensation:

2.250%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2.25
Parcel Number:

7272005028

Heating & Cooling

Cooling:

No
Cooling:

None

Utilities

Utilities:

Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer, Sewer Paid
Water Source:

Public

The Community

Subdivision:

Other (OTHR)
Subdivision:

Other
Senior Community:

No
Features:

Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Pool:

None
Private Pool:

No
Spa Features:

None

Parking

Parking:

Yes
Parking:

Driveway, Concrete, On Site, Private

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/2/24 Apr 2, 2024	Price Changed	CRMLS_CA	$1,275,000	-14.7%
10/3/23 Oct 3, 2023	Listed / Active	CRMLS_CA	$1,495,000	27.2% (6.8% / YR)
10/7/19 Oct 7, 2019		CRMLS_CA	$1,175,000	-1.7%

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This multifamily located in Saint Mary, Long Beach, CA 90813 is currently for sale for $1,275,000. 1044 Cedar Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 214 days. 1044 Cedar Avenue is in the Saint Mary neighborhood of Long Beach and has a WalkScore® of 90, making it very walkable. This multifamily is in the attendance area of Washington Middle School, International Elementary School, and Cabrillo High School.

Listing Courtesy of: CRMLS_CA and Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 23:58 on May 03.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.