1526 Cedar Avenue

Long Beach, CA 90813

$1,650,000
Price
7
Beds
4,464 Sq. Ft.
$370 / Sq. Ft.
4,464
Sq. Ft.
$370
per Sq. Ft.

Description

Back units need some work. Great starter units for handy investor. The third building has four detached garages and one parking space. Great upsides potential in the area. Building has character. Some units have laundry hookups. Located near the mass transit line on Pacific Coast Metro and the Anaheim Station A lines. The property is a short distance to the historic Pine Avenue., bike trail, churches, schools, restaurants brewery and Rainbow Harbor. Located on a 7733 square foot lot. If you drive...Back units need some work. Great starter units for handy investor. The third building has four detached garages and one parking space. Great upsides potential in the area. Building has character. Some units have laundry hookups. Located near the mass transit line on Pacific Coast Metro and the Anaheim Station A lines. The property is a short distance to the historic Pine Avenue., bike trail, churches, schools, restaurants brewery and Rainbow Harbor. Located on a 7733 square foot lot. If you drive the area you can see that it is improving. The analysis is a wild guess of the expenses and gross income
  1. Listed by Jack Bliss • DRE #00479584 • Brokerage DRE #00953389 • J & P Realty • 310-418-7528

Property Details for 1526 Cedar Avenue

Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4464
Assessor Parcel Number
7269-002-009

Location

Listing Courtesy of J & P Realty, Jack Bliss, DRE #00479584
Add your commute
LISTING UPDATED: 12/20/2023 09:22 PM

Property Details for 1526 Cedar Avenue

StatusActive
MLS #SB23196241
Days on Market184
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
CountyLos Angeles County

Location

Listing Courtesy of J & P Realty, Jack Bliss, DRE #00479584
Add your commute

Building Information for 1526 Cedar Avenue

Building/Complex1526 Cedar AveFloor-Stories2Residences-Pet Policy-Year Built1926Building Size-

Payment Calculator

$10,014 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,005

Property Taxes

$1,009

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1526 Cedar Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Parking Fee, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $124,800
  • Gross Scheduled Income: $1,248,001
  • Net Operating Income: $82,260
  • Number Of Rented Garages: 2
Expense Details
  • Operating Expense: $43,680
  • New Taxes Expense: $1,829
  • Licenses Expense: $28
  • Insurance Expense: $300
  • Maintenance Expense: $698
  • Maintenance Percent: 6.70%
  • Professional Management Expense: $312
  • Trash Expense: $328
  • Water Sewer Expense: $145
  • Total Expenses: $3,640
Tax / Assessment Info
  • Tax Block: 8
  • Tax Tract Number: 5754
  • Tax Census Tract: 5754.01
  • CFD/Mello-Roos Fee: $3,661
  • Tax Lot: 19
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Green Info
  • Walk Score: 86
  • Green Energy Efficient: Thermostat
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Available
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Downtown
  • Builders Tract Code: Downtown (DT)
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 7
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $6,245
  • Unit Type Total Rent: $7,625
  • Unit Type Pro Forma: 10400
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 0

Property History for 1526 Cedar Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1526 Cedar Avenue

Taxable ValueLand$346,551Additions$525,602Total$872,153
Tax Record2023$12,110 ($1,009 / month)
Home Facts
Total Finished SqFt4,464 SqFtAbove Grade Finished SqFt4,464 SqFtLot Size7,733 SqFtStyleMulti-Family Res (5+ Units)Year Built1926ZoningLBR4NCountyLOS ANGELESAPN7269-002-009

Schools near 1526 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
Lafayette Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Educational Partnership High School
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.

Similar Homes

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1526 Cedar Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on October 24, 2023 by J & P Realty, it's currently listed at $1,650,000. It has been on the market for a total of 184 days and was last sold on July 1, 2014. This listing's school district is Long Beach Unified School District. Nearby schools include Lafayette Elementary School, Washington Middle School and Cabrillo High School. 1526 Cedar Avenue is a 7-bed, 0-bath, 4,464 sqft multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of J & P Realty, Jack Bliss, DRE #00479584

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.