Downtown Long Beach Cedar Ave Apartments. 6 Units consisting of a 1915 Craftsman single family home in front and a 4 unit, 2 story building in back with an approximate 1000 sqft basement (3 rooms plus kitchen, bathroom, laundry) that is currently rented, but not permitted as living space. ***Cap rate sits at 7.6%*** and the property brings in approximately $109,000 per year and the rents are still fairly low! All units are currently rented by long term tenants. This is a fantastic opportunity for any investor to own bread and butter units in a high rental demand area. You will never have a problem filling any vacancy!
Sold for $1,150,000
Listed by: Coldwell Banker Realty • Terry McCarty • Contact: 714-374-4459
Bought with: RE/MAX TOP PRODUCERS
Tax assessed value
$1,150,000
1044 Cedar Ave, Long Beach, CA 90813
12beds
7baths
4,766sqft
Quadruplex
Built in 1915
-- sqft lot
$-- Zestimate®
$241/sqft
$3,072 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,072/mo
Zestimate® history
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$7,353/mo
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Zillow last checked:
Listing updated:
Listed by:
Terry McCarty DRE #01239625 714-392-2880,
Coldwell Banker Realty
Bought with:
Angela Costello, DRE #02022800
RE/MAX TOP PRODUCERS
Source: CRMLS,MLS#: OC24127338
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 7
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 4,766
- Total interior livable area: 4,766 sqft
Property
Parking
- Parking features: On Site, Private, Shared Driveway
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 7,453 Square Feet
- Features: 6-10 Units/Acre, Street Level
Details
- Parcel number: 7272005028
- Zoning: LBPD10
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer, Sewer Tap Paid
- Water: Public
Community & HOA
Community
- Features: Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban
- Subdivision: ,Richardson Tract
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $241/sqft
- Tax assessed value: $1,150,000
- Annual tax amount: $15,790
- Date on market: 6/21/2024
- Cumulative days on market: 260 days
- Listing terms: Submit
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2025 | Listing removed | $3,700$1/sqft |
Source: CRMLS #RS25229154 Report a problem | ||
| 10/7/2025 | Listed for rent | $3,700+32.1%$1/sqft |
Source: CRMLS #RS25229154 Report a problem | ||
| 7/31/2024 | Sold | $1,150,000$241/sqft |
Source:  CRMLS #OC24127338 Report a problem | ||
| 7/1/2024 | Pending sale | $1,150,000$241/sqft |
Source: CRMLS #OC24127338 Report a problem | ||
| 6/21/2024 | Listed for sale | $1,150,000-2.1%$241/sqft |
Source: CRMLS #OC24127338 Report a problem | ||
| 10/7/2019 | Sold | $1,175,000-1.7%$247/sqft |
Source:  CRMLS #OC19016610 Report a problem | ||
| 9/26/2019 | Pending sale | $1,195,000$251/sqft |
Source: Marcus & Millichap RE Invest #OC19016610 Report a problem | ||
| 9/13/2019 | Listed for sale | $1,195,000$251/sqft |
Source: Marcus & Millichap RE Invest #OC19016610 Report a problem | ||
| 8/28/2019 | Pending sale | $1,195,000$251/sqft |
Source: Marcus & Millichap RE Invest #OC19016610 Report a problem | ||
| 8/27/2019 | Listed for sale | $1,195,000$251/sqft |
Source: Marcus & Millichap RE Invest #OC19016610 Report a problem | ||
| 8/5/2019 | Pending sale | $1,195,000$251/sqft |
Source: Marcus & Millichap RE Invest #OC19016610 Report a problem | ||
| 6/24/2019 | Price change | $1,195,000-4.4%$251/sqft |
Source: Marcus & Millichap RE Invest #OC19016610 Report a problem | ||
| 4/17/2019 | Listed for sale | $1,250,000$262/sqft |
Source: Marcus & Millichap RE Invest #OC19016610 Report a problem | ||
| 4/17/2019 | Pending sale | $1,250,000$262/sqft |
Source: Marcus & Millichap RE Invest #OC19016610 Report a problem | ||
| 2/25/2019 | Price change | $1,250,000-2%$262/sqft |
Source: Marcus & Millichap RE Invest #OC19016610 Report a problem | ||
| 1/23/2019 | Listed for sale | $1,275,000+49.6%$268/sqft |
Source: Marcus & Millichap RE Invest #OC19016610 Report a problem | ||
| 12/23/2018 | Listing removed | $2,800$1/sqft |
Source: Investment Group Report a problem | ||
| 12/9/2018 | Listed for rent | $2,800$1/sqft |
Source: Investment Group Report a problem | ||
| 7/28/2016 | Sold | $852,000+247.8%$179/sqft |
Source: Public Record Report a problem | ||
| 6/13/1997 | Sold | $245,000+104.2%$51/sqft |
Source: Public Record Report a problem | ||
| 1/24/1997 | Sold | $120,000$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,790 -5.7% | $1,150,000 -8.8% |
| 2024 | $16,737 +1.7% | $1,260,432 +2% |
| 2023 | $16,454 +6.5% | $1,235,731 +2% |
| 2022 | $15,453 +2.1% | $1,211,514 +2% |
| 2021 | $15,139 +0.3% | $1,187,772 +1% |
| 2020 | $15,100 | $1,175,600 +32.5% |
| 2019 | $15,100 +33.4% | $887,020 +2% |
| 2018 | $11,323 | $869,640 +2.1% |
| 2017 | $11,323 +1.1% | $852,000 +152.3% |
| 2016 | $11,203 +140.4% | $337,643 +1.5% |
| 2015 | $4,661 +3.9% | $332,573 +2% |
| 2014 | $4,485 | $326,060 +4.5% |
| 2011 | -- | $311,985 +0.8% |
| 2010 | -- | $309,654 -0.2% |
| 2009 | -- | $310,391 +2% |
| 2008 | -- | $304,306 -53.2% |
| 2007 | -- | $650,000 +122.2% |
| 2006 | -- | $292,492 |
| 2005 | -- | $292,492 +4% |
| 2004 | -- | $281,136 +56.3% |
| 2003 | -- | $179,922 +2% |
| 2002 | -- | $176,396 +4% |
| 2000 | -- | $169,548 |
Find assessor info on the county website
Neighborhood: Willmore City
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Nearby schools
GreatSchools rating
- 5/10International Elementary SchoolGrades: K-5Distance: 0.4 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 1.5 mi
- 3/10Cabrillo High SchoolGrades: 9-12Distance: 1.6 mi
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- California
- Los Angeles County
- Long Beach
- 90813
- Willmore City
- 1044 Cedar Ave
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