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1526 Cedar Ave, Long Beach, CA 90813
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1526 Cedar Ave Long Beach, CA 90813

$1,650,000
  • 42 Beds
  • 0 Baths
  • 4,464 Sq.Ft.
For Sale
$1,650,000 Get Pre-Qualified
Map preview of 1526 Cedar Ave, Long Beach, CA 90813

Property Overview: 1526 Cedar Ave Long Beach, CA has 42 bedrooms, -- bathrooms, 4,464 living square feet and 7,735 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Back units need some work. Great starter units for handy investor. The third building has four detached garages and one parking space. Great upsides potential in the area. Building has character. Some units have laundry hookups. Located near the mass transit line on Pacific Coast Metro and the Anaheim Station A lines. The property is a short distance to the historic Pine Avenue., bike trail, churches, schools, restaurants brewery and Rainbow Harbor. Located on a 7733 square foot lot. If you drive the area you can see that it is improving. The analysis is a wild guess of the expenses and gross income

Listed by Jack Bliss | BRE #00479584 | J & P Realty
Last checked: 10 minutes ago | Last updated: December 21st, 2023 | Source CRMLS | DOM: 168
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Home details

Lot Sq. Ft
7,735
HOA Dues
$0/mo
Year built
1926
Garage
4 Car
Property Type:
Apartment
Status
Active
MLS#
SB23196241
City
Long Beach
County
Los Angeles
Time on Site
195 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 7
  • # of Baths: 0
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,245
  • Total Rent: $7,625
  • Pro Forma/Market Rent: $10,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $1,248,001
  • Net Operating Income: $82,260
  • Gross Operating Income: --
  • # of Rented Garages: 2
Annual Expense Breakdown
  • Total Operating Expense: $43,680
  • Licenses: $28
  • New Taxes: $1,829
  • Trash: $328
  • Insurance: $300
  • Maintenance: $698
  • Professional Management: $312
  • Water/Sewer: $145

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Property Details for 1526 Cedar Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7269002009
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Available
Location / Neighborhood
Location Information
  • Subdivision Name: Downtown (DT)
  • Directions: PCH TO CEDAR (N)
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 1526 Cedar Ave

Last sold for $755,000 on August 21st, 2014

  • October, 2023

  • Oct 25, 2023

    Date

    Active

    CRMLS: SB23196241

    $1,650,000

    Price

  • August, 2014

  • Aug 21, 2014

    Date

    Sold (Public Records)

    Public Records

    $755,000

    Price

  • June, 2014

  • Jun 18, 2014

    Date

    Price Change

    CRMLS: SB14127959

    $745,000

    Price

  • Listing provided courtesy of CRMLS

    This two building, 6 unit rental complex has upside rent potential. It's been well maintained with long term renters. Currently, each tenant is month to month. Units upgraded as vacancy occurred. A third building is a detached 4 car garage that produces extra income. This is an investors dream that will not last long!

  • April, 2013

  • Apr 16, 2013

    Date

    Sold (Public Records)

    Public Records

    $575,000

    Price

Show More

Tax History for 1526 Cedar Ave

Assessed Value (2020): $829,694
Year Land Value Improved Value Assessed Value
2020 $329,680 $500,014 $829,694

Home Value Compared to the Market

This property vs the competition

1526 Cedar Ave is listed 106.51% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $645 and this home is listed at $369.62 per/sqft which puts the price per square foot 42.69% lower than the median price per square foot for the city of Long Beach.

About 1526 Cedar Ave

Detailed summary of property

1526 Cedar Ave is a apartment located in Long Beach, CA 90813 and is currently for sale. This apartment offers 42 bedrooms, -- bathrooms, roughly 4,464 living square feet, and sits on an approximately 7,735 square foot lot. 1526 Cedar Ave was first listed on ArdentRealEstateGroup.com on October 25, 2023. The homeowner is currently asking $1,650,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $645. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 106.51% higher than the median priced home. Local competing homes currently for sale include 2490 Chestnut Ave, 2490 Chestnut Ave and 1000 E 10th St. While the average home in Long Beach, CA is selling in 53 days, 1526 Cedar Ave has a days on market of 168 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 1526 Cedar Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1526 Cedar Ave

Public county record property details
Beds
7
Baths
6
Year built
1926
Sq. Ft.
4,464
Lot Size
7,733
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17,19
APN
7269-002-009

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$629,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
30
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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