$1,195,000 - 1044 Cedar Avenue, Long Beach

  • 0Beds
  • Baths
  • 4,744SQ. Feet
  • 0.17Acres

The Cedar Avenue Apartments is a six-unit multi-family community located in the City of Long Beach. Located at 1044 Cedar Avenue, this investment presents a stable, low expense, turn-key opportunity with a 6.25% CAP Rate and 11.70% total return on current income. The building is comprised of (1) large, four bedroom/ two bathroom house, (2) two bedroom/ one bathroom units, (2) one bedroom/ one bathroom units, and (1) large, 1,000 square foot two bedroom/ one bathroom non-conforming unit. The property also offers amenities including an on-site laundry facility, gated yard, and ample on-site parking. The plumbing and electrical has also recently been updated. The City of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach Port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The Long Beach market has enjoyed strong rental growth and growing tenant demand over the past few years.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:OC19016610
  • Price:$1,195,000
  • Bathrooms:0.00
  • Square Footage:4,744
  • Acres:0.17
  • Year Built:1915
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:1044 Cedar Avenue
  • Area:Downtown Area, Alamitos Beach (4)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813


  • Lot Description:Near Public Transit

Additional Information

  • Date Listed:January 21st, 2019
  • Days on Market:158
  • Zoning:LBPD10

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Provided By: Greg Bassirpou(01365951), Marcus & Millichap RE Invest.

Based on information from California Regional Multiple Listing Service, Inc. as of July 20th, 2019 at 5:13am CDT. 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.