1040 Cedar Ave Long Beach, CA 90813
Willmore NeighborhoodEstimated payment $15,464/month
About This Home
Completely refurbished units with newer carpeting, and tile flooring, granite kitchen countertops. The complex is gated. plus, it is near the downtown area, the World Trade Center and courthouse The Gross multiplier is based on existing rent of the vacant unit at $1950. Property has its Balcony report.
Listing Agent
J & P Realty Brokerage Phone: 310-418-7528 License #00479584 Listed on: 04/02/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 7,487 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
- Land Lease
Parking
- 5 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 8,818 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 20 Bedrooms
- 16 Bathrooms
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tax Lot 19
- Tax Tract Number 7272
- Assessor Parcel Number 7272005027
- $2,249 per year additional tax assessments
Community Details
Overview
- 10 Units
- Downtown Subdivision
Amenities
- Laundry Facilities
Building Details
- 10 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $1,430
- Insurance Expense $9,700
- Maintenance Expense $14,441
- Other Expense $1,200
- Pest Control $910
- Supplies Expense $3,000
- Water Sewer Expense $4,791
- New Taxes Expense $33,125
- Operating Expense $68,862
- Gross Income $265,974
- Net Operating Income $197,112
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,798 | $1,126,906 | $452,647 | $674,259 |
| 2024 | $15,798 | $1,104,811 | $443,772 | $661,039 |
| 2023 | $15,519 | $1,083,149 | $435,071 | $648,078 |
| 2022 | $14,605 | $1,061,912 | $426,541 | $635,371 |
| 2021 | $14,257 | $1,041,091 | $418,178 | $622,913 |
| 2019 | $14,053 | $1,012,034 | $405,776 | $606,258 |
| 2018 | $13,620 | $992,227 | $397,820 | $594,407 |
| 2016 | $12,501 | $951,950 | $382,373 | $569,577 |
| 2015 | $12,024 | $937,652 | $376,630 | $561,022 |
| 2014 | $11,985 | $959,631 | $384,622 | $575,009 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/02/2026 04/02/26 | For Sale | $2,650,000 | 0.0% | $301 / Sq Ft |
| 01/23/2017 01/23/17 | Rented | $1,200 | 0.0% | -- |
| 01/06/2017 01/06/17 | For Rent | $1,200 | -33.3% | -- |
| 07/27/2015 07/27/15 | Rented | $1,800 | 0.0% | -- |
| 06/27/2015 06/27/15 | Under Contract | -- | -- | -- |
| 01/07/2015 01/07/15 | For Rent | $1,800 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26064905
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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