Seller's Agent in 2024
Terry McCarty
Coldwell Banker Realty
(714) 392-2880
1 in this area
165 Total Sales
1044 Cedar Ave Long Beach, CA 90813
Willmore Neighborhood
12
Beds
7
Baths
4,766
Sq Ft
7,453
Sq Ft Lot
Highlights
- 0.17 Acre Lot
- Laundry Room
- Level Lot
About This Home
As of July 2024Downtown 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!
Last Agent to Sell the Property
Coldwell Banker Realty Brokerage Phone: 714-392-2880 License #01239625 Listed on: 06/21/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1915
Lot Details
- 7,453 Sq Ft Lot
- 1 Common Wall
- Level Lot
- Density is 6-10 Units/Acre
Home Design
- Quadruplex
Interior Spaces
- 4,766 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 12 Bedrooms
- 7 Bathrooms
Parking
- Parking Available
- Private Parking
- Shared Driveway
- On-Site Parking
Outdoor Features
- Exterior Lighting
- Rain Gutters
Additional Features
- Urban Location
- Sewer Paid
Listing and Financial Details
- Tax Lot 20
- Tax Tract Number 11934
- Assessor Parcel Number 7272005028
- $1,078 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
Amenities
- Laundry Facilities
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,000
- Insurance Expense $2,000
- Trash Expense $1,000
- Water Sewer Expense $1,000
- New Taxes Expense $15,800
- Operating Expense $5,000
- Gross Income $107,220
- Net Operating Income $87,995
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2024 07/31/24 | Sold | $1,150,000 | 0.0% | $241 / Sq Ft |
| 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 |
| 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 |
| 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)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Buyer's Agent in 2024
Angela Costello
Luxury Collective
(818) 726-3761
1 in this area
16 Total Sales
-
Seller's Agent in 2019
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
32 Total Sales
-
Seller's Agent in 2016
Kristina Moore
The Moore Group
(714) 809-7608
1 in this area
27 Total Sales
-
H
Buyer's Agent in 2016
Hamid Pashaee
Hamid Pashaee, Broker
(949) 254-4042
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24127338
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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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