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2316 Cedar Ave, Long Beach, CA 90806
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2316 Cedar Ave Long Beach, CA 90806

$916,405 Sold Price as of 02/14/2023
  • 5 Beds
  • 3.5 Baths
  • 2,148 Sq.Ft.
Sold
$916,405 Sold Price as of 02/14/2023 Refinance Your Mortgage
Map preview of 2316 Cedar Ave, Long Beach, CA 90806

Property Overview: 2316 Cedar Ave Long Beach, CA has 5 bedrooms, 3.5 bathrooms, 2,148 living square feet and 6,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Desirable South Wrigley Location- Triplex with Detached Single Family Home and 2- 1 Bedroom Units over 4 Garages. Excellent location, just west of Pacific Ave, close to shopping centers, Long Beach Memorial Hospital, restaurants, and breweries. Perfect set up for an owner-user to collect rents from 2 units, or an investor who wants a low-maintenance property. Front home is tastefully upgraded with granite countertops, oak wood cabinetry in the kitchen, and barstool seating. Separate Laundry facilities on-site for each tenant's use. Plenty of off-street parking, including a covered car-port, driveway, and 4 single car garages. Updated plumbing and electric. Separately metered for gas and electric.

Listed by Marlena Baldonado | BRE #01937854 | Coldwell Banker Realty
Co-listed by Julie Noggle | BRE #02123372 | Coldwell Banker Realty
Last checked: 44 seconds ago | Last updated: March 24th, 2023 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft
6,500
HOA Dues
$0/mo
Year built
1956
Garage
4 Car
Property Type:
Triplex
Status
Sold
MLS#
PW22234587
City
Long Beach
County
Los Angeles
Time on Site
684 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $2,200
  • Total Rent: --
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $1,575
  • Total Rent: --
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Total Rent: --
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.63%
  • Gross Rent Multiplier: 15.1
  • Gross Scheduled Income: $61,200
  • Net Operating Income: $41,554
  • Gross Operating Income: $59,364
Annual Expense Breakdown
  • Total Operating Expense: $18,360
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0
  • Other Expenses: $11,270
  • Other Expense Description: Prop Tax

Property Details for 2316 Cedar Ave

Interior Features
Laundry Information
  • Has Laundry
  • In Garage, Individual Room, See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range
Interior Features
  • Ceiling Fan(s), Recessed Lighting
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • Chain Link
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Carport, Garage Faces Rear
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 3
  • Parcel Number: 7205016010
  • Year Built Source: Public Records
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: West of Pacific Ave, North of 23rd St
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 2316 Cedar Ave

Last sold for $916,405 on February 14th, 2023

  • February, 2023

  • Feb 14, 2023

    Date

    Sold

    CRMLS: PW22234587

    $916,405

    Price

  • Nov 8, 2022

    Date

    Active

    CRMLS: PW22234587

    $925,000

    Price

  • July, 2007

  • Jul 26, 2007

    Date

    Sold (Public Records)

    Public Records

    $720,000

    Price

  • March, 1999

  • Mar 16, 1999

    Date

    Sold (Public Records)

    Public Records

    $163,000

    Price

Show More

Tax History for 2316 Cedar Ave

Assessed Value (2020): $864,744
Year Land Value Improved Value Assessed Value
2020 $600,519 $264,225 $864,744

Home Value Compared to the Market

This property vs the competition

2316 Cedar Ave sold on February 14, 2023 for 12.94% 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 $430.63 per/sqft which puts the price per square foot 31.43% lower than the current median sale per square foot for the city of Long Beach.

About 2316 Cedar Ave

Detailed summary of property

2316 Cedar Ave is a triplex that recently sold in Long Beach, CA 90806. This triplex offered 5 bedrooms, 3.5 bathrooms, roughly 2,148 living square feet, and sits on an approximately 6,500 square foot lot. 2316 Cedar Ave was first listed on ArdentRealEstateGroup.com on November 5, 2022. The homeowner sold the property for $916,405. 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 12.94% higher than the current median priced home. Local homes that are currently for sale include 1339 Peterson Ave, 3409 Walnut Ave and 3409 Walnut Ave. While the average home in Long Beach, CA is selling in 62 days, 2316 Cedar Ave has a days on market of 42 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 2316 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 2316 Cedar Ave

Public county record property details
Beds
5
Baths
4
Year built
1956
Sq. Ft.
2,148
Lot Size
6,500
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
7205-016-010

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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(714) 706-1823

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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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