Sold for $1,682,500

Listed by: Keller Williams OC Coastal Realty • Jeff Stearman • Contact: 949-412-5333

Bought with: Keller Williams OC Coastal Realty

$1,682,500

1425 Cedar Ave, Long Beach, CA 90813

12beds

9baths

6,222sqft

Multi Family

Built in 1953

-- sqft lot

$2,031,200 Zestimate^®

$270/sqft

$2,657 Estimated rent

Home value

$2,031,200

$1.93M - $2.13M

$2,657/mo

Zestimate^® history

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$2,657/mo

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$2,657/mo

Rent Zestimate^®

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$10,684/mo

Est. payment

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$10,684/mo

Est. payment

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What's special

The subject property is a 10-unit two-story walk-up style building, with 6,222 square feet. There are 8 one-bedroom/one-bath units plus 2 two-bedroom/one-bath units. All units have separate gas and electric meters. The building also contains 4 garages plus a coin-opearated on-site laundry both of which yield extra income. Great location close to middle school, shopping, public transit, close to downtown Long Beach and Beaches.This property always stays rented and is currently 100% occupied. This is an Investors dream, easy to rent and easy maintenance.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 9

Heating

Wall Furnace

Cooling

None

Appliances

Included: Free-Standing Range, Refrigerator, Water Heater
Laundry: Common Area

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 6,222
Total interior livable area: 6,222 sqft

Property

Parking

Total spaces: 4
Parking features: None, Off Site
Garage spaces: 4

Features

Levels: Two
Stories: 2
Entry location: Front
Pool features: None

Lot

Size: 6,691 Square Feet
Features: 6-10 Units/Acre

Details

Parcel number: 7269041021
Zoning: LBR4N
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1953

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Community & HOA

Community

Features: Biking, Curbs, Gutter(s), Park, Street Lights, Sidewalks, Urban
Subdivision: Other

Location

Region: Long Beach

Financial & listing details

Price per square foot: $270/sqft
Date on market: 8/13/2024
Cumulative days on market: 7 days
Listing terms: Cash,Cash to New Loan,1031 Exchange
Total actual rent: 13225
Tenant pays: Cable TV, Electricity, Gas

Price history

Date	Event	Price
11/8/2024	Sold	$1,682,500-9.1%$270/sqft
Source: CRMLS #OC24166043 Report a problem
8/21/2024	Contingent	$1,850,000$297/sqft
Source: CRMLS #OC24166043 Report a problem
8/13/2024	Listed for sale	$1,850,000$297/sqft
Source: CRMLS #OC24166043 Report a problem