1242 Cedar Avenue

Long Beach, CA 90813

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,166 Sqft
  • 7504
    Sqft(Lot)
$2,800,000

Description

1242 cedar avenue is a 12-unit apartment asset located in downtown long beach. the asset is priced at 5.70% cap rate and 11.38 grm at current rents. the property is comprised of (9) 1 bed/1bath units and (3) 2 bed/1 bath units. seven of the 12 units are fully renovated with new flooring and modern kitchens and baths featuring designer fixtures and finishes. the secured-access building has undergone key capital improvements, including new windows, fresh exterior paint, and upgraded electrical systems throughout. additional income is generated from on-site parking and tenant- accessible laundry facilities. with a walk score of 89, the property is ideally positioned for tenant convenience, offering close proximity to a wide range of amenities, including shops, restaurants, and entertainment venues. the location is also within walking distance of the east village arts district, one of long beach’s most vibrant and sought-after neighborhoods, known for its creative energy and strong rental demand. 1242 cedar avenue offers investors a well-maintained asset with upside in an infill location experiencing continued growth and revitalization.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50069598

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1960
    • Building Area Total: 7,166

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1723
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7504

  • Listing Price Information

    • Original List Price: 2,800,000
    • Listing Contract Date: 2025-06-03

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7272001006

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Directions: Cedar Ave
    • Zoning: LBPD10
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 65
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/07/2025 @ 11:14

  • MLS: PW25124049
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,166 sqft, 7,504 sized lot, and 0 parking. are nearby neighborhoods.