1217 Cedar Ave Long Beach, CA 90813
Willmore NeighborhoodEstimated payment $16,647/month
About This Home
PRICED TO SELL AT 9.7 GRM & 6.5% CAP WITH UPSIDE TO 6.8% CAP. 14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). The property is professionally managed and well maintained. EARN OVER 10% CASH ON CASH AGAINST IN-PLACE RENTS. Some units have updated kitchens, baths and flooring. The property also just received updated landscaping and paint. The building features and excellent unit mix for the area and is located blocks from $8BB worth of redevelopment in the Down Town Long Beach area. There is no onsite parking but there is onsite laundry. The electrical is Siemens - it's a 200 AMP main panel with 30 AMP subpanels (Buyer to verify). Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The City of Long Beach also just approved a $38MM makeover of the Long Beach Airport in preperation for the 2028 Olympics. Qualfied Buyers can get a new loan with as little as 25% down. 5.05% Fixed for 5 years, Interest Only.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Interior Spaces
- 8,086 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 14 Bathrooms
Additional Features
- 7,135 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 14 Units
Listing and Financial Details
- Assessor Parcel Number 7272-001-023
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 | $37,477 | $2,743,222 | $1,782,829 | $960,393 |
| 2024 | $35,835 | $2,689,434 | $1,747,872 | $941,562 |
| 2023 | $35,212 | $2,636,700 | $1,713,600 | $923,100 |
| 2022 | $33,058 | $2,585,000 | $1,680,000 | $905,000 |
| 2021 | $28,297 | $2,192,531 | $1,535,545 | $656,986 |
| 2020 | $28,224 | $2,171,490 | $1,519,800 | $651,690 |
| 2019 | $27,890 | $2,128,940 | $1,490,000 | $638,940 |
| 2018 | $14,832 | $1,062,052 | $746,758 | $315,294 |
| 2016 | $13,643 | $1,019,428 | $717,761 | $301,667 |
| 2015 | $13,126 | $1,004,116 | $706,980 | $297,136 |
| 2014 | $13,101 | $984,448 | $693,132 | $291,316 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/28/2026 04/28/26 | For Sale | $2,499,000 | -3.3% | $309 / Sq Ft | |
| 07/16/2021 07/16/21 | Sold | $2,585,000 | +1.4% | $2,585,000 / Sq Ft | View Prior Sale |
| 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: The MLS
MLS Number: 26825645
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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