Seller's Agent in 2024
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
1 in this area
159 Total Sales
442 Cedar Ave Long Beach, CA 90802
West Village Neighborhood
3
Beds
3
Baths
9,699
Sq Ft
7,405
Sq Ft Lot
Highlights
- 0.17 Acre Lot
- Landscaped
- 2-minute walk to Pacific Station
About This Home
As of April 2024442 Cedar Avenue is a 22-unit multifamily investment opportunity located in Long Beach, CA. The property offers a mix of studio, one, and two-bedroom floor plans with amenities including security doors, gated access, and four garage spaces. 442 Cedar Avenue is situated in a fantastic Downtown Long Beach location, surrounded by an abundance of retail, dining, and entertainment options, as well as employers. Additionally, the property’s close proximity to Interstate 710 provides convenient access to the Port of Long Beach and the Port of Los Angeles, two of the busiest ports in the world and a major employment hub for the region. Furthermore, 442 Cedar Avenue is within close proximity of all three levels of education.
Last Agent to Sell the Property
Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 01/17/2024
Property Details
Home Type
- Apartment
Year Built
- Built in 1923
Lot Details
- 7,405 Sq Ft Lot
- No Common Walls
- Landscaped
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 9,699 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 8 / 63
- Tax Tract Number 575
- Assessor Parcel Number 7280010005
- $3,345 per year additional tax assessments
Community Details
Overview
- 22 Units
- Downtown Subdivision
Building Details
- 22 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $6,932
- Fuel Expense $6,932
- Insurance Expense $11,000
- Maintenance Expense $11,000
- Other Expense $19,585
- Professional Management Expense $11,521
- Trash Expense $6,932
- Water Sewer Expense $6,932
- New Taxes Expense $43,799
- Operating Expense $124,634
- Gross Income $230,414
- Net Operating Income $105,780
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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 |
|---|---|---|---|---|
| 04/26/2024 04/26/24 | Sold | $3,520,000 | 0.0% | $363 / Sq Ft |
| 03/22/2024 03/22/24 | Pending | -- | -- | -- |
| 01/17/2024 01/17/24 | For Sale | $3,520,000 | -- | $363 / 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 | $47,307 | $3,590,400 | $2,335,800 | $1,254,600 |
| 2024 | $47,307 | $3,520,000 | $2,290,000 | $1,230,000 |
| 2023 | $5,634 | $168,889 | $73,252 | $95,637 |
| 2022 | $5,370 | $165,578 | $71,816 | $93,762 |
| 2021 | $5,142 | $162,332 | $70,408 | $91,924 |
| 2019 | $5,066 | $162,220 | $68,321 | $93,899 |
| 2018 | $4,873 | $159,132 | $66,982 | $92,150 |
| 2016 | $4,498 | $148,437 | $64,382 | $84,055 |
| 2015 | $4,385 | $146,208 | $63,415 | $82,793 |
| 2014 | $4,490 | $143,345 | $62,173 | $81,172 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
Anthony Walker
Buyer's Agent in 2024
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
86 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24010591
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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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