Seller's Agent in 2025
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
1 in this area
76 Total Sales
338 Cedar Ave Long Beach, CA 90802
West Village Neighborhood
11
Beds
9
Baths
10,150
Sq Ft
7,503
Sq Ft Lot
Highlights
- 0.17 Acre Lot
- 2-minute walk to Pacific Station
- 4-minute walk to Harvey Milk Promenade Park
- Laundry Room
About This Home
As of July 2025338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 10.98 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeled
with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers.The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.
Last Agent to Sell the Property
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 10/03/2023
Last Buyer's Agent
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 10/03/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1918
Lot Details
- 7,503 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 10,150 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 11 Bedrooms
- 9 Bathrooms
Listing and Financial Details
- Legal Lot and Block 12 / 82
- Tax Tract Number 5759
- Assessor Parcel Number 7280015006
- $2,375 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 17 Units
- Downtown Subdivision
Building Details
- Rent Control
- 17 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $2,510
- Fuel Expense $4,627
- Gardener Expense $1,200
- Insurance Expense $10,200
- Maintenance Expense $11,900
- Other Expense $5,100
- Pest Control $1,000
- Professional Management Expense $25,105
- Trash Expense $424
- Water Sewer Expense $10,328
- New Taxes Expense $56,005
- Operating Expense $129,399
- Gross Income $382,102
- Net Operating Income $252,704
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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/29/2025 07/29/25 | Sold | $3,949,753 | -8.7% | $389 / Sq Ft |
| 07/15/2025 07/15/25 | Price Changed | $4,325,000 | 0.0% | $426 / Sq Ft |
| 05/21/2025 05/21/25 | Pending | -- | -- | -- |
| 06/26/2024 06/26/24 | Price Changed | $4,325,000 | -3.9% | $426 / Sq Ft |
| 11/06/2023 11/06/23 | Price Changed | $4,500,000 | -5.3% | $443 / Sq Ft |
| 10/03/2023 10/03/23 | For Sale | $4,750,000 | -- | $468 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Robert Stepp
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23183991
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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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