1044 Cedar Avenue Long Beach, CA ^$ 1,275,000

1044 Cedar Avenue

^$ 1,275,000

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1044 Cedar Avenue

Long Beach, CA, 90813

^$ 1,275,000

Bedrooms12 Baths7.0 Sq 4,766

Monthly Estimate*

^$ 8,906

Listed by Coldwell Banker Realty

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Multi-Family Home for sale in Long Beach, CA

for $1,275,000 with 12 bedrooms and 7 full baths. This 4,766 square foot home was built in 1915 on a lot size of 0.1711.

***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!

Multi-Family Active

Price

^$ 1,275,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Craftsman

Lot Size

0.1711

Year Built

1915

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

OC23184659

Days on Market

207

Features

General

Interior Features CeilingFans

Sewer PublicSewer SewerTapPaid

Cooling None

Utilities CableAvailable ElectricityConnected NaturalGasConnected SewerConnected WaterConnected

Roof Composition

Zoning LBPD10

Garage Spaces 0.0

Architectural Style Craftsman

Pool Features None

Year Built 1915

Tenant Pays Electricity Gas

View CityLights

Property SubType Quadruplex

Gross Income 109340.0

Community Features Curbs Gutters StormDrains StreetLights Sidewalks

County Los Angeles

Net Operating Income 90115.0

Operating Expense 19225.0

Insurance Expense 1725.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Other

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions North of 10th St/ West of Pacific

City Long Beach

Entry Location First Floor

View Y/N Y

Senior Community Y/N N

Total Units 6

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Square Feet 7451.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 6

Street Name Cedar

Listing Terms Item1031Exchange

Spa Features None

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 1100.0

Water Sewer Expense 1100.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 188

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 20

Total Actual Rent 8845.0

Property Sub Type Additional Quadruplex

Taxes 15300.0

Cap Rate 7.0

Exterior

Fencing Wood

Parking Features Concrete Driveway OnSite Private

Lot Features BackYard FrontYard Level

Water Source Public

Total Parking 0.0

Lot Size Area 7451.0

Number of Buildings 2

Spa N

Building Area Total 4766.0

Lot Size Acres 0.1711

Road Surface Type Paved

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

Road Frontage Type CityStreet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features LivingRoom

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N Y

Street Suffix Avenue

Laundry Features CommonArea LaundryRoom

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1044

* Excluded Features

List By

Coldwell Banker Realty

Broker

(714) 374-4459

Phone

Affordability Calculator

$8,906

Per Month

Monthly Principal & Interest: $8,906
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,109,516

Percent of Sale Price 65%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/2/2024	$1,275,000	-14.72%	Price Down
10/4/2023	$1,495,000		Listed Price

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1044 Cedar Avenue, Long Beach, CA, 90813 is a Multi-Family Home for sale at $1,275,000 with 4,766 sqft and a lot size of 0.1711. 1044 Cedar Avenue has 12 bedrooms, 7.0 baths, and was built in 1915. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/26/2024. 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.

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1044 Cedar Avenue

Multi-Family Home for sale in Long Beach, CA

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