Seller's Agent in 2023
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
1 in this area
74 Total Sales
2033 Cedar Ave Long Beach, CA 90806
South Wrigley Neighborhood
5
Beds
5
Baths
6,340
Sq Ft
6,706
Sq Ft Lot
About This Home
As of July 20232033 Cedar Avenue is a nicely landscaped 8-unit apartment building on a tree-lined street in Long Beach, California. The property consists of two buildings with a shared courtyard on a 6,706-square-foot lot, and an attractive mix of two- bedroom, one-bedroom, and studio units
Approximately two-thirds of the units have been renovated with new interior paint throughout, new kitchen and vanity cabinets, granite or new Formica countertops and Life- Proof locking or linoleum flooring. Each unit in the front building has a dedicated laundry room with washer/dryer and hot water heater. The rear building has one shared laundry room equipped with a washer/dryer. Located five minutes from Downtown Long Beach and just a few minutes away from the 710 and 405 freeways, 2033 Cedar Avenue provides a new owner with a well-located property at 12.92 x gross on current rents.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 02/18/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 6,706 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
Interior Spaces
- 6,340 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Listing and Financial Details
- Legal Lot and Block 20 / 2
- Tax Tract Number 5161
- Assessor Parcel Number 7209025021
- $1,557 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 8 Units
- Wrigley Area Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 8 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $900
- Insurance Expense $5,389
- Maintenance Expense $4,800
- Other Expense $2,400
- Pest Control $900
- Professional Management Expense $8,073
- Water Sewer Expense $3,940
- New Taxes Expense $26,608
- Operating Expense $53,710
- Gross Income $161,458
- Net Operating Income $107,748
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/18/2023 07/18/23 | Sold | $1,950,000 | -9.3% | $308 / Sq Ft |
| 05/17/2023 05/17/23 | Pending | -- | -- | -- |
| 02/18/2023 02/18/23 | For Sale | $2,150,000 | -- | $339 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $25,839 | $1,989,000 | $816,000 | $1,173,000 |
| 2024 | $25,839 | $1,950,000 | $800,000 | $1,150,000 |
| 2023 | $19,656 | $1,450,173 | $557,759 | $892,414 |
| 2022 | $18,467 | $1,421,739 | $546,823 | $874,916 |
| 2021 | $18,069 | $1,393,862 | $536,101 | $857,761 |
| 2020 | $18,021 | $1,379,970 | $530,604 | $849,366 |
| 2019 | $17,811 | $1,352,920 | $520,200 | $832,720 |
| 2018 | $17,310 | $1,326,400 | $510,000 | $816,400 |
| 2016 | $5,775 | $398,080 | $187,185 | $210,895 |
| 2015 | $5,569 | $392,102 | $184,374 | $207,728 |
| 2014 | $5,574 | $384,422 | $180,763 | $203,659 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
Larry Bustamante
Seller Co-Listing Agent in 2023
Larry Bustamante
Keller Williams Realty Downey
(323) 481-9788
1 in this area
15 Total Sales
-
Anthony Walker
Buyer's Agent in 2023
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
5 in this area
89 Total Sales
-
Josh Ess
Buyer Co-Listing Agent in 2023
Josh Ess
Buckingham Investments, Inc
(310) 982-7055
4 in this area
40 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23027872
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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