1217 Cedar Ave

Long Beach, CA 90813

$2,450,000
Price
6
Beds
14
Baths
8,086 Sq. Ft.
$303 / Sq. Ft.
8,086
Sq. Ft.
$303
per Sq. Ft.
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a front view of a house with a yard
a view of a backyard
a view of balcony with wooden floor and outdoor space
a kitchen with stainless steel appliances granite countertop a refrigerator sink and white cabinets
a kitchen with stainless steel appliances a stove microwave and sink
a bathroom with a toilet sink and mirror
a view of walk in closet
wooden floor in an empty room with a window
a kitchen with a sink stove and microwave
wooden floor in an empty room with a window
a bathroom with a bathtub and a shower
a front view of a house with a yard
a view of a house with street

Description

PRICED TO SELL AT 9.5 GRM & 6.6% CAP WITH UPSIDE TO 7.0% 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 10% 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...PRICED TO SELL AT 9.5 GRM & 6.6% CAP WITH UPSIDE TO 7.0% 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 10% 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 plus thousands of indirect construction and supply-chain service jobs. The City of Long Beach also just approved a $38MM makeover of the Long Beach Airport in preperation for the 2028 Olympics. Qualfied Buyers can get a new loan with as little as 25% down. 5.40% Fixed for 5 years, Interest Only.
  1. Listed by Jonathan Swire • DRE #01336277 • Brokerage DRE #01738973 • The Agency

Property Details for 1217 Cedar Avenue

Zoning
LBPD10
Parcel Number
7272001023
Total Units
14.0
Living Area
8086
Source Living Area
Vendor Enhanced
Area
Downtown Area, Alamitos Beach (4)
Vacancy Rate
0%
Lot Size Area
7135
LISTING UPDATED: 06/23/2026 09:56 AM

Property Details for 1217 Cedar Avenue

StatusActive
MLS #26825645
Days on Market67
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.16 AC / 7,135 SF
CountyLos Angeles County
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Location

Listing Courtesy of The Agency, Jonathan Swire, DRE #01336277
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Building Information for 1217 Cedar Avenue

Stories2Residences-Year Built1929Building Size-Lot Size0.16 AC / 7,135 SF

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$15,332 per month

30 year fixed, 6.36% Interest

Principal and Interest

$12,209

Property Taxes

$3,123

HOA Dues

$0

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Property Information for 1217 Cedar Avenue

Community / Development
Community / Development
  • Number Of Units: 14
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Income
  • ADA Compliance: No
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $256,000
  • Net Operating Income: $161,000.00
  • Gross Income: $256,000
  • Cap Rate: 6.60%
  • Gross Rent Multiplier: $9.50
  • Total Annual Expense: 87000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1638
  • Lot Size Square Feet: 7135
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-18-2026
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,495.00
  • Unit Actual Rent: $1,495.00
  • Unit Projected Rent: $1,495.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,695.00
  • Unit Actual Rent: $1,695.00
  • Unit Projected Rent: $1,695.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $923,100.00
  • Assessed Improvement Percent: 35.01
  • Assessed Land Value: $1,713,600.00
  • Assessed Land Percent: 64.99
  • Assessed Total Value: $2,636,700.00

Property History for 1217 Cedar Avenue

DateEvent & SourcePriceAppreciation
Jun 23, 2026

Price Change

CRMLS #26825645

$2,450,000—
Jun 23, 2026

Price Change

CLAW #26825645

$2,450,000—
Jun 4, 2026

Price Change

CRMLS #26825645

$2,479,000—
DateEvent & SourcePrice
06/23/2026

Price Change

CRMLS #26825645

$2,450,000
06/23/2026

Price Change

CLAW #26825645

$2,450,000
06/04/2026

Price Change

CRMLS #26825645

$2,479,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1217 Cedar Avenue

Taxable ValueLand$1,782,829Additions$961,833Total$2,744,662
Tax Record2025$37,477 ($3,123 / month)
Home Facts
Total Finished SqFt8,086 SqFtAbove Grade Finished SqFt8,086 SqFtLot Size7,135 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningLBPD10CountyLOS ANGELESAPN7272-001-023

Schools near 1217 Cedar Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
International Elementary School
Public - K to 5
Washington Middle School
Public - 6 to 8
Cabrillo High School
Public - 9 to 12
Renaissance High School For The Arts
Public - 9 to 12
Rating
School
Distance
International Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1217 Cedar Avenue, Long Beach, CA 90813

1217 Cedar Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on April 28, 2026 by The Agency, it's currently listed at $2,450,000. It has been on the market for a total of 67 days and was last sold on July 16, 2021. This listing's school district is Long Beach Unified School District. Nearby schools include International Elementary School, Washington Middle School and Cabrillo High School. 1217 Cedar Avenue is a 6-bed, 14-bath, 8,086 sqft multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Agency, Jonathan Swire, DRE #01336277

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.