1044 Cedar Ave Long Beach, CA 90813
Willmore NeighborhoodEstimated payment $11,934/month
Highlights
- 0.17 Acre Lot
- Laundry Room
- Central Heating and Cooling System
- No HOA
- Landscaped
About This Home
Exceptional Investment Opportunity in Prime Long Beach Location!
Discover this fully updated 6-unit apartment complex featuring modern finishes and smart layouts. The property includes a spacious front unit with 4 bedrooms and 3 bathrooms, ideal for an owner-occupant or premium rental, plus four well-designed 2-bed/1-bath units in the rear building. Adding to its appeal, the property also offers an unpermitted 3-bed/1-bath basement unit (~780 SF) with an additional 380 SF of storage space, currently generating extra rental income. All units have been tastefully renovated with contemporary kitchens, updated bathrooms, and modern flooring, creating a turnkey opportunity for investors seeking immediate cash flow. The property’s central location provides easy access to Downtown Long Beach, shopping, dining, freeways, and public transit, making it highly desirable for tenants. Whether you’re looking to expand your portfolio or occupy one unit while renting out the others, 1044 Cedar Avenue combines modern living with excellent income potential.
Listing Agent
Sagewood Properties Brokerage Phone: 213-700-1516 License #01402568 Listed on: 10/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,790
Year Built
- Built in 1915
Lot Details
- 7,451 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Sprinkler System
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
- Fire Rated Drywall
- Shingle Roof
- Stucco
Interior Spaces
- 3,744 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
Utilities
- Central Heating and Cooling System
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number 7272005028
- $3,095 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 6 Units
Building Details
- 7 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $100
- Fuel Expense $100
- Insurance Expense $3,000
- Trash Expense $1,000
- Water Sewer Expense $1,000
- Operating Expense $5,200
- Gross Income $152,400
- Net Operating Income $106,680
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/02/2025 10/02/25 | For Sale | $1,995,000 | +73.5% | $533 / Sq Ft | |
| 07/31/2024 07/31/24 | Sold | $1,150,000 | 0.0% | $241 / Sq Ft | View Prior Sale |
| 06/29/2024 06/29/24 | Pending | -- | -- | -- | |
| 06/21/2024 06/21/24 | For Sale | $1,150,000 | -2.1% | $241 / Sq Ft | |
| 10/07/2019 10/07/19 | Sold | $1,175,000 | 0.0% | $248 / Sq Ft | View Prior Sale |
| 04/08/2019 04/08/19 | Off Market | $1,175,000 | -- | -- | |
| 02/25/2019 02/25/19 | Price Changed | $1,250,000 | -2.0% | $263 / Sq Ft | |
| 01/21/2019 01/21/19 | For Sale | $1,275,000 | +49.6% | $269 / Sq Ft | |
| 07/28/2016 07/28/16 | Sold | $852,000 | +0.2% | $228 / Sq Ft | View Prior Sale |
| 05/31/2016 05/31/16 | Pending | -- | -- | -- | |
| 05/11/2016 05/11/16 | For Sale | $850,000 | -- | $227 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS25231343
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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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