$2,900,000

Estimated payment $19,272/month

1 Bed
2 Baths
10,584 Sq Ft
$274 Price per Sq Ft

Highlights

  • 0.17 Acre Lot
  • Laundry Facilities
  • 2-minute walk to K-9 Corner Dog Park
  • No HOA
  • Level Lot

About This Home

820 Cedar Avenue is a 16-unit multifamily investment property located in Long Beach, California. 820 Cedar Avenue was built in 1928 and features a unit mix of 12 studios and 4 1-bedroom/1-bath units across approximately 10,584 square feet of net rentable area. The controlled-access property features interior hallways leading to the residences, an on-site laundry facility and 6 garage parking spaces. The laundry facility provides a convenient tenant amenity and ancillary income stream, while the garage spaces offer additional parking utility and revenue potential. The property has undergone substantial interior and building-system improvements. Ownership reports that all units feature new kitchens and bathrooms, with 14 of the 16 units taken down to the studs. Ownership also upgraded the property’s plumbing to copper, while electrical subpanels were upgraded in 13 of the 16 units. 820 Cedar Avenue is located near Downtown Long Beach and a short distance from the East Village Arts District, providing residents with convenient access to dining, entertainment and employment destinations throughout the city. The property is also near Shoreline Marina, the waterfront and the city’s beaches, while nearby I-710 provides connectivity throughout the region. The Ports of Long Beach and Los Angeles are also readily accessible from the property. 820 Cedar Avenue combines substantial interior and building-system improvements with practical resident amenities and proximity to major employment, entertainment and coastal destinations throughout Long Beach.

Listing Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 09/17/2026

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1928

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 6 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 10,584 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 3 / 15
  • Tax Tract Number 575803
  • Assessor Parcel Number 7272013014
  • $3,143 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,364
  • Fuel Expense $2,480
  • Insurance Expense $16,000
  • Maintenance Expense $13,600
  • Professional Management Expense $13,081
  • Trash Expense $2,480
  • Water Sewer Expense $2,480
  • New Taxes Expense $36,804
  • Operating Expense $110,832
  • Gross Income $269,604
  • Net Operating Income $150,783

Property Details

Home Type

Apartment

Year Built

Built in 1928

Lot Details

7,405 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 5.20
  • Professional Management Expense: 13081.00
  • Property Attached: No
  • Water Sewer Expenses: 2480.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7272013014
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 274.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2480.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7405.20
  • Lot Size Acres: 0.1700

Multi Family

  • Electric Expense: 2364.00
  • Fuel Expense: 2480.00
  • Gross Income: 269604.00
  • Gross Multiplier: 10.76
  • Gross Operating Income: 258303.00
  • Gross Scheduled Income: 266292.00
  • Insurance Expense: 16000.00
  • Lot Size Area: 0.1700 Acres
  • Maintenance Expense: 13600.00
  • Net Operating Income: 150783.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 110832.00
  • Operating Expense Percent: 42.40
  • Other Income1: 3312.00
  • Rent Control: No
  • Total Expenses: 110832.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 36804.00
  • Tax Block: 15
  • Tax Lot: 3
  • Tax Tract Number: 575803
  • TaxOtherAnnualAssessmentAmount: 3143.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/17/2026 09/17/26 For Sale $2,900,000 -- $274 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26203758

California Regional Multiple Listing Service (CRMLS)
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