1629 Cedar Ave Long Beach, CA 90813
Washington School NeighborhoodEstimated payment $8,365/month
About This Home
Fantastic opportunity to own a cash-flowing 4-unit property in the heart of Long Beach! This single-story building features four spacious 2-bed/1-bath units with long-term tenants on month-to-month leases. One unit was just renovated and is MOVE-IN READY, perfect for an owner user! The property offers secure gated entry, (4) 1-car garages, and a storage room, providing both convenience and extra income potential. The detached garage structure offers excellent ADU potential above (buyer to verify), creating the opportunity to add value and increase future cash flow. With its low-maintenance design and steady income, this property is ideal for investors or an owner-occupant looking to live in one unit and rent out the others. Located just minutes from Downtown Long Beach, parks, shopping, and major freeways, the property also benefits from the $175 million redevelopment of Washington Middle School just down the street on Cedar Ave, a transformative project that underscores the city’s investment in the neighborhood and enhances long-term community appeal.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 714-655-0098 License #02060007 Listed on: 10/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,978
Year Built
- Built in 1942
Lot Details
- 7,551 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 4 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,091 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 28
- Tax Tract Number 5754
- Assessor Parcel Number 7269039012
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,018
- Maintenance Expense $2,600
- Other Expense $3,798
- New Taxes Expense $18,311
- Operating Expense $28,727
- Gross Income $109,200
- Net Operating Income $80,473
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 | $11,978 | $870,435 | $341,347 | $529,088 |
| 2024 | $11,456 | $853,368 | $334,654 | $518,714 |
| 2023 | $11,261 | $836,637 | $328,093 | $508,544 |
| 2022 | $10,583 | $820,233 | $321,660 | $498,573 |
| 2021 | $10,363 | $804,151 | $315,353 | $488,798 |
| 2020 | $10,335 | $795,906 | $312,120 | $483,786 |
| 2019 | $10,214 | $780,300 | $306,000 | $474,300 |
| 2018 | $9,827 | $765,000 | $300,000 | $465,000 |
| 2016 | $5,277 | $403,193 | $265,259 | $137,934 |
| 2015 | $5,076 | $397,138 | $261,275 | $135,863 |
| 2014 | $5,060 | $389,359 | $256,157 | $133,202 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/13/2025 10/13/25 | For Sale | $1,399,000 | +81.7% | $453 / Sq Ft | |
| 10/15/2017 10/15/17 | Sold | $770,000 | +13.4% | $249 / Sq Ft | View Prior Sale |
| 09/05/2017 09/05/17 | Pending | -- | -- | -- | |
| 09/01/2017 09/01/17 | For Sale | $679,000 | -- | $220 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $765,000 | Western Resources Title Co | |
| Grant Deed | $380,000 | Lawyers Title Company | |
| Trustee Deed | $634,934 | Landsafe Title | |
| Grant Deed | $691,000 | United Title Company Westlak | |
| Interfamily Deed Transfer | -- | United Title Company-La | |
| Grant Deed | $600,000 | United Title Company-La | |
| Grant Deed | $520,000 | Investors Title Company | |
| Interfamily Deed Transfer | -- | Investors Title Company | |
| Quit Claim Deed | $1,000 | -- | |
| Grant Deed | $380,000 | Fidelity | |
| Grant Deed | $240,000 | First Southwestern Title Co | |
| Grant Deed | $240,000 | First Southwestern Title Co | |
| Grant Deed | -- | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- | |
| Trustee Deed | $298,225 | First American Title Ins Co | |
| Grant Deed | $295,000 | Southland Title Corporation | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Corporate Deed | $120,000 | First American Title Co | |
| Trustee Deed | $150,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $612,000 | New Conventional | |
| Previous Owner | $552,800 | Fannie Mae Freddie Mac | |
| Previous Owner | $420,000 | Purchase Money Mortgage | |
| Previous Owner | $468,000 | Purchase Money Mortgage | |
| Previous Owner | $360,000 | No Value Available | |
| Previous Owner | $160,000 | No Value Available | |
| Previous Owner | $282,772 | FHA | |
| Previous Owner | $133,930 | No Value Available | |
| Closed | $44,000 | No Value Available | |
| Closed | $67,500 | No Value Available | |
| Closed | $26,000 | No Value Available | |
| Closed | $180,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25237854
APN: 7269-039-012
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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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