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Listed by: Jonathan Swire (310) 948-2631 DRE #01336277 | The Agency (424) 230-3700
$2,429,000
6 Beds
14 Baths
8,086sqft
1217 Cedar Ave, Long Beach, CA 90813
$2,429,000
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Multi Family
Built in 1929
$-- HOA
7,135 sqft lot
$300/sq.ft
Description
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 (...
Continue Reading- Houzeo last checked: 41 minutes ago
- Listing updated: July 20, 2026 at 4:57 pm
- Source: California Regional MLS-CA | MLS#: 26825645
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1929
HOA Fees
-
Finished Area
8,086 sqft
Lot Size
7,135 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26825645
MLS Status
Active
Days on Market
64
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