1217 Cedar Avenue
1217 Cedar Avenue
$2,895,000
6
14
8,086
8,086
$358
Description
14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 11.3X GRM and 5.6% CAP on current rents - with upside to a 5.9% CAP. The property is professionally managed and well maintained. 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...14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 11.3X GRM and 5.6% CAP on current rents - with upside to a 5.9% CAP. The property is professionally managed and well maintained. 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). Email la for more info including a current rent roll and actual expenses.
Property Details for 1217 Cedar Avenue
Zoning
LBPD10
Parcel Number7272001023
Total Units14.0
Living Area8086
Source Living AreaVendor Enhanced
AreaDowntown Area, Alamitos Beach (4)
Vacancy Rate0%
Lot Size Area7135
Location
LISTING UPDATED: 05/07/2024 12:00 PM
Property Details for 1217 Cedar Avenue
Status | Active |
---|---|
MLS # | 24-385989 |
Days on Market | 27 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1929 |
Lot Size | 0.16 AC / 7,135 SF |
County | Los Angeles County |
Location
Building Information for 1217 Cedar Avenue
Stories2Residences-Year Built1929Building Size-Lot Size0.16 AC / 7,135 SF
Payment Calculator
$18,733 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1217 Cedar Avenue
Property History for 1217 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 1217 Cedar Avenue
Taxable ValueLand$1,713,600Additions$924,540Total$2,638,140
Tax Record2023$35,212 ($2,934 / 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 |
---|---|---|---|---|
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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