NOT LISTED FOR SALE

442 Cedar Ave Long Beach, CA 90802

West Village Neighborhood
3 Beds
3 Baths
9,699 Sq Ft
7,405 Sq Ft Lot

Last Sold April 26, 2024

Last sale price $3,520,000 $363 Per Sq Ft

65 Days on Market

Highlights

  • 0.17 Acre Lot
  • Landscaped
  • 2-minute walk to Pacific Station

About This Home

As of April 2024

442 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

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 01/17/2024

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

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

Property Details

Home Type

Apartment

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 11521.00
  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 6932.20
  • Zoning: LBPD30
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7280010005
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 362.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 6932.20
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7405.20
  • Lot Size Acres: 0.1700

Multi Family

  • Electric Expense: 6932.20
  • Fuel Expense: 6932.20
  • Gross Income: 230414.00
  • Gross Operating Income: 230414.00
  • Gross Scheduled Income: 237540.00
  • Insurance Expense: 11000.00
  • Lot Size Area: 0.1700 Acres
  • Maintenance Expense: 11000.00
  • Net Operating Income: 105780.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 22
  • Number Of Units Total: 22
  • Operating Expense: 124634.00
  • Other Expense: 19585.00
  • Rent Control: No
  • Total Actual Rent: 19795.00
  • Total Expenses: 124634.00

Tax Info

  • New Taxes Expense: 43799.00
  • Tax Block: 63
  • Tax Census Tract: 5759.02
  • Tax Lot: 8
  • Tax Tract Number: 575...
  • TaxOtherAnnualAssessmentAmount: 3345.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2024

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    1 in this area

    155 Total Sales

    Tyler Leeson
    Section Image
  • Anthony Walker

    Buyer's Agent in 2024

    Anthony Walker

    Buckingham Investments, Inc

    (310) 982-7055

    3 in this area

    90 Total Sales

    Anthony Walker
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24010591

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 West Village

442 Cedar Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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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