Search
2011 Cedar Ave, Long Beach, CA 90806
Image 2 for 2011 Cedar Ave, Long Beach, CA 90806
Image 3 for 2011 Cedar Ave, Long Beach, CA 90806
View Photos

2011 Cedar Ave Long Beach, CA 90806

$1,675,000
  • 12 Beds
  • 6 Baths
  • 5,261 Sq.Ft.
For Sale
$1,675,000 Get Pre-Qualified
Map preview of 2011 Cedar Ave, Long Beach, CA 90806

Property Overview: 2011 Cedar Ave Long Beach, CA has 12 bedrooms, 6 bathrooms, 5,261 living square feet and 6,276 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: True Pride of ownership 6-unit building located at 2011 Cedar Ave, Long Beach. Totaling 5,261 sqft, the subject property is currently operating at a 5.94% cap rate and 11.38 GRM and is in the desirable Wrigley pocket of Lo ng Beach. Wrigley attracts families and higher rents and has a close proximity to transportation and highways for commuter families. 2011 Cedar has an ideal unit mix of (6) 2Bed+1Bath units. One unit can be delivered vacant for an owner user or rented by the new owner to a tenant of their choosing. The property features on site laundry and parking, allowing for higher rents. There are 5 enclosed, private garages. Garages can either be converted to 2 ADU's or 2 ADU's may be built on top of the garages 2 avoid losing any parking. ADU proforma is included in the OM on page 12. The subject property is located just outside the $6 Billion of development flooding into Downtown Lon g Beach, including the Long Beach Civic Center, Long beach Aquarium, OceanAire Project, CSULB Downto wn Village, Broadway Block, The Pacific and Queen Mary Island.

Listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 11 minutes ago | Last updated: September 5th, 2024 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
6,276
HOA Dues
$0/mo
Year built
1944
Garage
5 Car
Property Type:
Apartment
Status
Active
MLS#
SB24182456
City
Long Beach
County
Los Angeles
Time on Site
15 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,838
  • Total Rent: $1,838
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,838
  • Total Rent: $1,838
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,847
  • Total Rent: $1,847
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,971
  • Total Rent: $1,971
  • Pro Forma/Market Rent: $2,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: 11.38
  • Gross Scheduled Income: $147,153
  • Net Operating Income: $99,536
  • Gross Operating Income: --
  • Vacancy Allowance: $4,415
Annual Expense Breakdown
  • Total Operating Expense: $43,203
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 2011 Cedar Ave

No upcoming open houses

Schedule Tour

Property Details for 2011 Cedar Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7209025024
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off of Pacific Coast Hwy and Pacific Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 2011 Cedar Ave

View property's historical transactions

  • September, 2024

  • Sep 5, 2024

    Date

    Active

    CRMLS: SB24182456

    $1,675,000

    Price

Tax History for 2011 Cedar Ave

Assessed Value (2020): $312,956
Year Land Value Improved Value Assessed Value
2020 $93,175 $219,781 $312,956

Home Value Compared to the Market

This property vs the competition

2011 Cedar Ave is listed 114.74% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $318.38 per/sqft which puts the price per square foot 50.72% lower than the median price per square foot for the city of Long Beach.

About 2011 Cedar Ave

Detailed summary of property

2011 Cedar Ave is a apartment located in Long Beach, CA 90806 and is currently for sale. This apartment offers 12 bedrooms, 6 bathrooms, roughly 5,261 living square feet, and sits on an approximately 6,276 square foot lot. 2011 Cedar Ave was first listed on ArdentRealEstateGroup.com on September 3, 2024. The homeowner is currently asking $1,675,000. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 114.74% higher than the median priced home. Local competing homes currently for sale include 801 Atlantic Ave, 1000 E 10th St and 1052 E 5th St. While the average home in Long Beach, CA is selling in 62 days, 2011 Cedar Ave has a days on market of 13 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 2011 Cedar Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2011 Cedar Ave

Public county record property details
Beds
12
Baths
6
Year built
1944
Sq. Ft.
5,261
Lot Size
6,374
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
7209-025-024

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,900
Median List Price/Sq.Ft.
$531
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
20
Median Sale to List Price %
100%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Tour This Home

Image Description
Contact Jon
Long Beach Agent
Call, Text or Message
(714) 706-1823

Homes for Sale Near 2011 Cedar Ave

Nearby Homes for Sale

2165 Earl Ave, Long Beach, CA 90806
$1,375,000
9 Beds
4 Baths
3769 Sq.Ft.
2165 Earl Ave
Long Beach, CA 90806
2264 Magnolia Ave, Long Beach, CA 90806
$1,650,000
7 Beds
7 Baths
4437 Sq.Ft.
2264 Magnolia Ave
Long Beach, CA 90806
1600 Magnolia Ave, Long Beach, CA 90813
$1,450,000
8 Beds
5 Baths
3366 Sq.Ft.
1600 Magnolia Ave
Long Beach, CA 90813
522 E Rhea St, Long Beach, CA 90806
$1,799,000
15 Beds
7 Baths
4212 Sq.Ft.
522 E Rhea St
Long Beach, CA 90806
1409 Magnolia Ave, Long Beach, CA 90813
$1,650,000
14 Beds
6 Baths
3992 Sq.Ft.
1409 Magnolia Ave
Long Beach, CA 90813
1021 Pacific Ave, Long Beach, CA 90813
$1,350,888
10 Beds
6 Baths
4680 Sq.Ft.
1021 Pacific Ave
Long Beach, CA 90813
529 W 10th St., Long Beach, CA 90813
$1,450,000
7 Beds
6 Baths
3616 Sq.Ft.
529 W 10th St.
Long Beach, CA 90813
219 E 10th St, Long Beach, CA 90813
$1,679,000
6 Beds
5 Baths
4836 Sq.Ft.
219 E 10th St
Long Beach, CA 90813

Recently Sold Homes Near 2011 Cedar Ave

1990 Cedar Ave, Long Beach, CA 90806
$790,000 Last Sold Price
4 Beds
4 Baths
2516 Sq.Ft.
1990 Cedar Ave
Long Beach, CA 90806
2033 Cedar Ave, Long Beach, CA 90806
$1,950,000 Last Sold Price
10 Beds
9 Baths
6340 Sq.Ft.
2033 Cedar Ave
Long Beach, CA 90806
2046 Cedar Ave, Long Beach, CA 90806
$1,122,000 Last Sold Price
9 Beds
7 Baths
5730 Sq.Ft.
2046 Cedar Ave
Long Beach, CA 90806
1941 Cedar Ave, Long Beach, CA 90806
$920,000 Last Sold Price
6 Beds
3 Baths
2485 Sq.Ft.
1941 Cedar Ave
Long Beach, CA 90806

Related Resources to 2011 Cedar Ave

New Listings in 90806
Popular Zip Codes
Popular Cities
Other Long Beach Resources

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.

Call