Sold for $3,949,753

Listed by: Keller Williams Realty Downey • Robert Stepp • Contact: 310-774-3740

Bought with: Keller Williams Realty Downey

$3,949,753

338 Cedar Ave, Long Beach, CA 90802

26beds

24baths

10,150sqft

Mixed Use

Built in 1918

-- sqft lot

$-- Zestimate^®

$389/sqft

$2,663 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,663/mo

Zestimate^® history

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$25,336/mo

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What's special

338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 10.98 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers.The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 26
Bathrooms: 24

Appliances

Laundry: Inside

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 10,150
Total interior livable area: 10,150 sqft

Property

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None

Lot

Size: 7,503 Square Feet
Features: 16-20 Units/Acre

Details

Parcel number: 7280015006
Zoning: LBPD30
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Condition

New construction: No
Year built: 1918

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks
Subdivision: Downtown (Dt)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $389/sqft
Tax assessed value: $4,088,904
Annual tax amount: $54,633
Date on market: 10/3/2023
Cumulative days on market: 596 days
Listing terms: Cash,Cash to New Loan,1031 Exchange

Price history

Date	Event	Price
7/29/2025	Sold	$3,949,753-8.7%$389/sqft
Source: CRMLS #PW23183991 Report a problem
5/21/2025	Pending sale	$4,325,000+20.5%$426/sqft
Source: CRMLS #PW23183991 Report a problem
2/7/2020	Listing removed	$1,795
Source: Entourage Property Management Report a problem
1/27/2020	Listed for rent	$1,795-21.8%
Source: Entourage Property Management Report a problem
10/17/2019	Listing removed	$2,295
Source: Zillow Rental Manager Report a problem
10/9/2019	Price change	$2,295-8%
Source: Zillow Rental Manager Report a problem
8/15/2019	Price change	$2,495-10.7%
Source: Entourage Property Management Report a problem
7/17/2019	Price change	$2,795+75.2%
Source: Entourage Property Management Report a problem
6/11/2019	Listed for rent	$1,595
Source: Entourage Property Management Report a problem
3/14/2018	Sold	$3,590,000+697.8%$354/sqft
Source: Public Record Report a problem
8/29/1996	Sold	$450,000-35.7%$44/sqft
Source: Public Record Report a problem
11/16/1994	Sold	$700,000$69/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$54,633 +4.6%	$4,088,904 +2%
2024	$52,244 +1.7%	$4,008,810 +2%
2023	$51,360 +6.6%	$3,930,287 +2%
2022	$48,195 +2.1%	$3,853,304 +2%
2021	$47,225 +0.3%	$3,777,830 +1%
2020	$47,102	$3,739,136 +2%
2019	$47,102 +377.1%	$3,665,900 +465.5%
2018	$9,873	$648,219 +2.6%
2017	$9,873 +1.1%	$631,490 +2%
2016	$9,768 +7.9%	$619,109 +1.5%
2015	$9,054 +3.2%	$609,810 +2%
2014	$8,769	$597,866 +2.5%
2012	--	$583,496 +2.8%
2010	--	$567,781 -0.2%
2009	--	$569,131 +2%
2008	--	$557,973 +4%
2006	--	$536,308
2005	--	$536,308 +6%
2003	--	$506,038 +2%
2002	--	$496,116 +4%
2000	--	$476,853