$2,479,000
-$20,0001217 Cedar Avenue, Long Beach CA 90813
Multi-Family (14 Units)
Property type
18 days
On market
$307
Price per sqft
N/A
Garage
1929
Year built
7,135 sqft
Lot size
Open Houses
Overview
PRICED TO SELL AT 9.6 GRM & 6.6% CAP WITH UPSIDE TO 6.9% CAP. 14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). The property is professionally managed and well maintained. EARN OVER 9% CASH ON CASH AGAINST IN-PLACE RENTS. Some units have updated kitchens, baths and flooring. The property also just received updated...
Listing provided by: Jonathan Swire DRE #01336277 310-948-2631, The Agency
Listing updated: Jun 4, 2026 at 10:11pm.
Last checked: Jun 4, 2026 at 10:30pm
Source: CRMLS #26825645
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 8 | 0 | 1 | — | $1,495 | $1,495 | $1,495 | Unfurnished |
| 6 | 1 | 1 | — | $1,695 | $1,695 | $1,695 | Unfurnished |
# of Buildings: 1
# of Units Total: 14
Financial Snapshot
Gross Rent Multiplier
9.7x
List Price / Annual Gross Rent
Cap Rate
6.6%
NOI / List Price
Net Operating Income: $161,000
Interior
Cooling: None
Heating: Wall Furnace
Exterior
Stories Total: 2
Levels: Multi Split
Garage and Parking
Parking: None
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 7272001023
Zoning: LBPD10
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 1217 Cedar Avenue, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,983,200
Total Interest
$2,529,462
Total Payment
$4,512,662
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$15,267
per month
Property History for 1217 Cedar Avenue
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
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