SOLD 04/26/2024
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Commercial sold for $3,520,000 in 101 days
442 Cedar Ave Long Beach, CA, 90802
Off the market Other
442 Cedar Avenue is a 22-unit multifamily investment opportunity located in Long Beach, CA. The property offers a mix of studio, one, and two-bedroom floor plans with amenities including security doors, gated access, and four garage spaces. 442 Cedar Avenue is situated in a fantastic Downtown Long Beach location, surrounded by an abundance of retail, dining, and entertainment options, as well as employers. Additionally, the property’s close proximity to Interstate 710 provides convenient access to the Port of Long Beach and the Port of Los Angeles, two of the busiest ports in the world and a major employment hub for the region. Furthermore, 442 Cedar Avenue is within close proximity of all three levels of education.
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Property details
9,699 sqft interior area
Land area
7,405 sqft (0.17 acres)
Address
442 Cedar Ave, Long Beach, CA, 90802
City of California
Long Beach
County
Los Angeles
Year Built
1923
District
Listing
Nearby major retailers
Costco
Lowe's
Whole Foods Market
Trader Joe's
Mercedes-Benz
ALDI
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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Listed by
Tyler Leeson, Marcus & Millichap RE Invest
Name
Tyler Leeson
License number
01451551
Brokerage company
Marcus & Millichap RE Invest
MLS #
CROC24010591
Buyer agent
Name
Anthony Walker
Brokerage company
Buckingham Investments, Inc
Payment calculator
Calculate your monthly payments
Mortgage
$10,808
Taxes
$0
HOA dues
$0
Mortgage
$704,000 / 20%
2.28%
30 years
Your amount
$10,808 / month
Lot details
TMK #7280010005
Lot Description
Other
Parcel nr.
7280010005
90802 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
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no data
Supermarket
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no data
Costco
—
no data
Hospital
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no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
People living in 90802
44%
Families with children
National average: 39%
49%
Non family households
284,614
Population
$78,661
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
3% work in education and healthcare
More info
Vehicles available
49% have 1 vehicle
More info
Vehicles by gender
49% have 1 vehicle
More info
Housing market insights for
$871.3k
Neighborhood average
sales price*
sales price*
$633.75k
Neighborhood median
sales price*
sales price*
462
Number
of sales*
of sales*
Housing type
34% are small apartments
More info
Rooms
39% of the houses have 4 or 5 rooms
More info
Bedrooms
46% have 2 or 3 bedrooms
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Owners vs Renters
73% are renters
More info
18.33 / 20
Most Walkable
►
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
Sold Apr 26, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 26, 2024 | Sold | $3,520,000 | 0 | Public Record |
| Apr 9, 2024 | Pending | $3,520,000 | 0 | MLS #CROC24010591 |
| Mar 22, 2024 | Under contract | $3,520,000 | 0 | MLS #CROC24010591 |
| Jan 17, 2024 | New Listing | $3,520,000 | 0 | MLS #CROC24010591 |
Taxes of 442 Cedar Ave, Long Beach, CA, 90802
LBPD zoning / MLS #CROC24010591
Zoning
LBPD
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Frequently Asked Questions about 442 Cedar Ave
What is 442 Cedar Ave?
442 Cedar Ave is a Commercial/Industrial propertywith 9,699 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
442 Cedar Ave, Long Beach, CA, 90802.
What comparable properties are nearby?
Comparable nearby commercial properties include 338 Cedar Ave, 433 W 7th St, 1059 Pacific Ave, 928 Long Beach Blvd, 914 N Loma Vista Dr, 1217 Cedar Ave.
Based on information from the bridgeMLS as of 05-10-2024. 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: Apr 27, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are El Super, 0.35 miles away and Superior Grocery, 0.58 miles away.
The 90802 zip area has a population of 284,614, and 44% of the families have children. The median age is 34.68 years and 79% commute by car. The most popular housing type is "small apartment" and 73% is renter.
