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2033 Cedar Ave, Long Beach, CA 90806
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2033 Cedar Ave Long Beach, CA 90806

$1,950,000 Sold Price as of 07/18/2023
  • 10 Beds
  • 9 Baths
  • 6,340 Sq.Ft.
Sold
$1,950,000 Sold Price as of 07/18/2023 Refinance Your Mortgage
Map preview of 2033 Cedar Ave, Long Beach, CA 90806

Property Overview: 2033 Cedar Ave Long Beach, CA has 10 bedrooms, 9 bathrooms, 6,340 living square feet and 6,706 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2033 Cedar Avenue is a nicely landscaped 8-unit apartment building on a tree-lined street in Long Beach, California. The property consists of two buildings with a shared courtyard on a 6,706-square-foot lot, and an attractive mix of two- bedroom, one-bedroom, and studio units Approximately two-thirds of the units have been renovated with new interior paint throughout, new kitchen and vanity cabinets, granite or new Formica countertops and Life- Proof locking or linoleum flooring. Each unit in the front building has a dedicated laundry room with washer/dryer and hot water heater. The rear building has one shared laundry room equipped with a washer/dryer. Located five minutes from Downtown Long Beach and just a few minutes away from the 710 and 405 freeways, 2033 Cedar Avenue provides a new owner with a well-located property at 12.92 x gross on current rents.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Co-listed by Larry Bustamante | BRE #00762602 | Keller Williams - Santa Monica
Last checked: 8 minutes ago | Last updated: July 18th, 2023 | Source CRMLS | DOM: 88

Home details

Lot Sq. Ft
6,706
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
PW23027872
City
Long Beach
County
Los Angeles
Time on Site
579 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Electric Meters: 8
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,602
  • Total Rent: $3,204
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,970
  • Total Rent: $5,910
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,373
  • Total Rent: $2,746
  • Pro Forma/Market Rent: $1,573
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $166,452
  • Net Operating Income: $107,748
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $53,710
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $700
  • New Taxes: $26,608
  • Trash: $0
  • Gardener: $900
  • Insurance: $5,389
  • Maintenance: $4,800
  • Professional Management: $8,073
  • Water/Sewer: $3,940
  • Other Expenses: $2,400
  • Other Expense Description: Reserves

Property Details for 2033 Cedar Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community, Inside, Stackable
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
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: 8
  • Parcel Number: 7209025021
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: W 21st St & Cedar Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 2033 Cedar Ave

Last sold for $1,950,000 on July 18th, 2023

  • July, 2023

  • Jul 18, 2023

    Date

    Sold

    CRMLS: PW23027872

    $1,950,000

    Price

  • Feb 18, 2023

    Date

    Active

    CRMLS: PW23027872

    $2,150,000

    Price

  • August, 2016

  • Aug 4, 2016

    Date

    Sold (Public Records)

    Public Records

    $518,000

    Price

  • January, 2002

  • Jan 11, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2033 Cedar Ave

Assessed Value (2020): $1,379,970
Year Land Value Improved Value Assessed Value
2020 $530,604 $849,366 $1,379,970

Home Value Compared to the Market

This property vs the competition

2033 Cedar Ave sold on July 18, 2023 for 162.52% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $339.12 per/sqft which puts the price per square foot 46% lower than the current median sale per square foot for the city of Long Beach.

About 2033 Cedar Ave

Detailed summary of property

2033 Cedar Ave is a apartment that recently sold in Long Beach, CA 90806. This apartment offered 10 bedrooms, 9 bathrooms, roughly 6,340 living square feet, and sits on an approximately 6,706 square foot lot. 2033 Cedar Ave was first listed on ArdentRealEstateGroup.com on February 18, 2023. The homeowner sold the property for $1,950,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 162.52% higher than the current median priced home. Local homes that are currently for sale include 1052 E 5th St, 1724 Cherry Ave and 1512 N Stanton Pl. While the average home in Long Beach, CA is selling in 62 days, 2033 Cedar Ave has a days on market of 88 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 2033 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 2033 Cedar Ave

Public county record property details
Beds
12
Baths
6
Year built
1929
Sq. Ft.
6,706
Lot Size
6,374
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
7209-025-021

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%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 2033 Cedar Ave

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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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