NOT LISTED FOR SALE

1217 Cedar Ave Long Beach, CA 90813

Willmore Neighborhood
6 Beds
14 Baths
1 Sq Ft
7,135 Sq Ft Lot

Last Sold July 16, 2021

Last sale price $2,585,000 $2,585,000 Per Sq Ft

1 Day on Market

Highlights

  • 0.16 Acre Lot
  • Wall Furnace
  • 5-minute walk to 14th Street Park
  • Laundry Room

About This Home

As of July 2021

14 Unit, 2 Story apartment complex located in Drake Park! Building has rentable area of approximately 6 One-bedroom apartments and 8 studios, 6,500 Sqft and is built on 7,050 sqft lot. Laundry and the units are individually metered for gas and electric.

Last Agent to Sell the Property

David Goodwin

Fiv Realty Co License #01940769 Listed on: 03/25/2021

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 7,135 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • 1 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 14 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 6 / 2
  • Tax Tract Number 5
  • Assessor Parcel Number 7272001023

Community Details

Overview

  • 14 Units
  • Drake Park Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 14 Separate Water Meters
  • Insurance Expense $3,700
  • New Taxes Expense $2,017
  • Gross Income $149,362
  • Net Operating Income $145,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Drake Park (DP)
  • Zoning: LBPD10
  • Property Type: Residential Income
  • Parcel Number: 7272001023
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7135.00
  • Lot Size Acres: 0.1638

Multi Family

  • Gross Income: 149362.00
  • Gross Scheduled Income: 209362.00
  • Insurance Expense: 3700.00
  • Lot Size Area: 7135.0000 Square Feet
  • Net Operating Income: 145000.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 14
  • Number Of Units Total: 14
  • Operating Expense: 149362.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2017.00
  • Tax Block: 2
  • Tax Census Tract: 5758.02
  • Tax Lot: 6
  • Tax Tract Number: 5

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/16/2021 07/16/21 Sold $2,585,000 +1.4% $2,585,000 / Sq Ft
03/25/2021 03/25/21 For Sale $2,549,000 +19.8% $2,549,000 / Sq Ft
08/15/2018 08/15/18 Sold $2,127,500 -3.3% $327 / Sq Ft View Prior Sale
06/11/2018 06/11/18 Pending -- -- --
06/05/2018 06/05/18 For Sale $2,200,000 +124.5% $338 / Sq Ft
03/21/2013 03/21/13 Sold $980,000 +8.9% $121 / Sq Ft View Prior Sale
01/06/2013 01/06/13 Pending -- -- --
11/29/2012 11/29/12 For Sale $900,000 -- $111 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Goodwin

    Seller's Agent in 2021

    David Goodwin

    Fiv Realty Co

    (562) 679-6700

    1 in this area

    34 Total Sales

    David Goodwin
    Section Image
  • Jon Swire

    Buyer's Agent in 2021

    Jon Swire

    The Agency

    (310) 948-2631

    3 in this area

    34 Total Sales

    Jon Swire
    Section Image

  • S

    Seller's Agent in 2018

    Scott Burns

    JMS Manage Sell PC

    (404) 784-3841

    1 Total Sale

    Scott Burns
    Section Image
  • Kurt Wood

    Seller's Agent in 2013

    Kurt Wood

    Belmont Brokerage & Mgmt. INC.

    (562) 301-6763

    20 Total Sales

    Kurt Wood
    Section Image

  • M

    Buyer's Agent in 2013

    Matthew Firth

    JMS Manage Sell, PC

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21062765

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Willmore

1217 Cedar Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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