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1217 Cedar Ave Long Beach, CA, 90813
$2,895,000 Commercial for sale Other
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.
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Property details
8,086 sqft interior area
Land area
7,135 sqft (0.16 acres)
Days on Verhouse
28
Address
1217 Cedar Ave, Long Beach, CA, 90813
City of California
Long Beach
County
Los Angeles
Year Built
1929
District
Listing
Nearby major retailers
Costco
Lowe's
Trader Joe's
Mercedes-Benz
ALDI
Albertsons
Toyota
Walmart Supercenter
T-Mobile
Wholesale: 1
Do it yourself: 1
Supermarket: 5
Car: 1
Car repair: 1
Mobile phone: 1
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Interior Features
—
Garage & Parking
None
Listed by
Jonathan Swire, The Agency
Name
Jonathan Swire
License number
01336277
Brokerage company
The Agency
MLS #
CL24385989
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Calculate your monthly payments
Mortgage
$8,889
Taxes
$0
HOA dues
$0
Mortgage
$579,000 / 20%
2.28%
30 years
Your amount
$8,889 / month
Lot details
TMK #7272001023
Parcel nr.
7272001023
90813 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90813
45%
Families with children
National average: 39%
47%
Non family households
357,368
Population
$84,412
Average Income
Age & gender
Median age 34 years
More info
Commute types
79% commute by car
More info
Education level
20% have not graduated education
More info
Number of employees
2% work in management
More info
Vehicles available
48% have 1 vehicle
More info
Vehicles by gender
48% have 1 vehicle
More info
Housing market insights for
$824.61k
Neighborhood average
sales price*
sales price*
$624.75k
Neighborhood median
sales price*
sales price*
507
Number
of sales*
of sales*
Housing type
33% are small apartments
More info
Rooms
39% of the houses have 4 or 5 rooms
More info
Bedrooms
46% have 2 or 3 bedrooms
More info
Owners vs Renters
71% are renters
More info
13.67 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing Apr 23, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 23, 2024 | New Listing | $2,895,000 | 0 | MLS #CL24385989 |
Taxes of 1217 Cedar Ave, Long Beach, CA, 90813
LBPD zoning / MLS #CL24385989
Zoning
LBPD
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Frequently Asked Questions about 1217 Cedar Ave
What is 1217 Cedar Ave?
1217 Cedar Ave is a Commercial/Industrial propertywith 8,086 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1217 Cedar Ave, Long Beach, CA, 90813.
What comparable properties are nearby?
Comparable nearby commercial properties include 208 W Anaheim St, 1059 Pacific Ave, 110 E Anaheim St, 1151 Daisy Ave, 219 E 10th St, 1526 Cedar Ave.
Based on information from the bridgeMLS as of 05-20-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 07, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are Superior Grocery, 0.33 miles away and El Super, 0.76 miles away.
The 90813 zip area has a population of 357,368, and 45% of the families have children. The median age is 34.79 years and 79% commute by car. The most popular housing type is "small apartment" and 71% is renter.
