1044 Cedar Avenue
1044 Cedar Avenue
$1,275,000
12
7
4,766
4,766
$268
Description
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...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 Terry McCarty • DRE #01239625 • Brokerage DRE #00616212 • Coldwell Banker Realty • 714-392-2880
Property Details for 1044 Cedar Avenue
Architectural Style
Craftsman
ViewCity Lights
Parking Spaces Total0
Private PoolNo
Cooling TypeN/K
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Location
LISTING UPDATED: 04/08/2024 02:09 AM
Property Details for 1044 Cedar Avenue
Status | Active |
---|---|
MLS # | OC23184659 |
Days on Market | 209 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1915 |
Lot Size | 0.17 AC / 7,451 SF |
County | Los Angeles County |
Location
Building Information for 1044 Cedar Avenue
Stories2Residences-Year Built1915Building Size-Lot Size0.17 AC / 7,451 SF
Payment Calculator
$8,329 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1044 Cedar Avenue
Property History for 1044 Cedar Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1044 Cedar Avenue
Taxable ValueLand$798,894Additions$436,837Total$1,235,731
Tax Record2023$16,454 ($1,371 / month)
Home Facts
Total Finished SqFt3,744 SqFtAbove Grade Finished SqFt3,744 SqFtLot Size7,451 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningLBPD10CountyLOS ANGELESAPN7272-005-028
Schools near 1044 Cedar Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
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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