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2500 Cedar Ave Long Beach, CA 90806

$680,000 Sold Price as of 09/29/2020

4 Beds
2 Baths
2,120 Sq.Ft.

Sold

$680,000 Sold Price as of 09/29/2020 Refinance Your Mortgage

Map preview of 2500 Cedar Ave, Long Beach, CA 90806

Property Overview: 2500 Cedar Ave Long Beach, CA has 4 bedrooms, 2 bathrooms, 2,120 living square feet and 4,252 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Duplex Opportunity in Lovely Long Beach. This two story corner lot investment opportunity offers two units and is income producing with light value add potential. Quaint front, side and backyard for relaxation. Each unit has two bedrooms and one bathroom. Units have separate gas and electricity meters. Lovely stucco building with a tile roof and two car garage parking. Offers a unique opportunity for a savvy buyer to live in one and have the investment pay down the mortgage. Walkability score of 84 so this is a true selling point for potential tenants. Close to shopping and public transportation. Recently appraised and being offered well below appraised value. Please do not disturb tenants and do not walk the property. Make all offers subject to interior inspection.

Listed by Keisha Hosea | BRE #01489340 | KASI Homes

Last checked: 17 seconds ago | Last updated: March 23rd, 2023 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft: 4,252
HOA Dues: $0/mo
Year built: 1928
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: IG20136811
City: Long Beach
County: Los Angeles
Time on Site: 1396 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1
# of Leased Units: 32
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 0

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $2,200

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $2,200

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $36,000
Net Operating Income: $30,214
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $5,786
Electric: $0
Gas/Fuel: $0
New Taxes: $6,040
Trash: $0
Insurance: $1,000
Water/Sewer: $720

Property Details for 2500 Cedar Ave

Interior Features

Laundry Information

Has Laundry
Gas Dryer Hookup, Washer Hookup

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 2

Lot Information

Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard, Landscaped, Near Public Transit
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 2
Parcel Number: 7205004023
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Other (OTHR)
Other Subdivision Name: Willow
Directions: Off Willow and Pacific

Neighborhood Information

Community Features: Urban

View more facts & features

Local Long Beach Agent

Sale History for 2500 Cedar Ave

Last sold for $680,000 on September 29th, 2020

September, 2020
Sep 30, 2020

Date

Sold

CRMLS: IG20136906

$680,000

Price
Aug 14, 2020

Date

Pending

CRMLS: IG20136906

$699,000

Price
Jul 12, 2020

Date

Active

CRMLS: IG20136906

$699,000

Price
Listing provided courtesy of CRMLS
September, 2020
Sep 30, 2020

Date

Sold

CRMLS: IG20136811

$680,000

Price
Aug 14, 2020

Date

Pending

CRMLS: IG20136811

$699,000

Price
Jul 12, 2020

Date

Active

CRMLS: IG20136811

$699,000

Price
September, 2020
Sep 29, 2020

Date

Sold (Public Records)

Public Records

$680,000

Price
May, 2020
May 21, 2020

Date

Canceled

CRMLS: IG20069541

$800,000

Price
Apr 6, 2020

Date

Active

CRMLS: IG20069541

$800,000

Price
Listing provided courtesy of CRMLS

Duplex Opportunity in Lovely Long Beach. This two story corner lot investment opportunity offers two units and is income producing with light value add potential. Quaint front, side and backyard for relaxation. Each unit has two bedrooms and one bathroom. Units have separate gas and electricity meters. Lovely stucco building with a tile roof and two car garage parking. Offers a unique opportunity for a savvy buyer to live in one and have the investment pay down the mortgage. Walkability score of 84 so this is a true selling point for potential tenants. Close to shopping and public transportation.

Continue Reading
May, 2020
May 21, 2020

Date

Canceled

CRMLS: IG20069528

$800,000

Price
Apr 6, 2020

Date

Active

CRMLS: IG20069528

$800,000

Price
Listing provided courtesy of CRMLS

Duplex Opportunity in Lovely Long Beach. This two story corner lot investment opportunity offers two units and is income producing with light value add potential. Quaint front, side and backyard for relaxation. Each unit has two bedrooms and one bathroom. Units have separate gas and electricity meters. Lovely stucco building with a tile roof and two car garage parking. Offers a unique opportunity for a savvy buyer to live in one and have the investment pay down the mortgage. Walkability score of 84 so this is a true selling point for potential tenants. Close to shopping and public transportation.

Continue Reading
September, 1995
Sep 29, 1995

Date

Sold (Public Records)

Public Records

$129,000

Price

Tax History for 2500 Cedar Ave

Assessed Value (2020): $306,187

Year	Land Value	Improved Value	Assessed Value
2020	$183,340	$122,847	$306,187

Home Value Compared to the Market

This property vs the competition

2500 Cedar Ave sold on September 29, 2020 for 12.62% lower than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $329.72 per/sqft which puts the price per square foot 47.83% lower than the current median sale per square foot for the city of Long Beach.

About 2500 Cedar Ave

Detailed summary of property

2500 Cedar Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 2,120 living square feet, and sits on an approximately 4,252 square foot lot. 2500 Cedar Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $680,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 12.62% lower than the current median priced home. Local homes that are currently for sale include 210 E 120th St, 2015 E 105th St and 1503 E 109th St. While the average home in Long Beach, CA is selling in 51 days, 2500 Cedar Ave has a days on market of 32 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 2500 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 2500 Cedar Ave

Public county record property details

Beds: 4
Baths: 2
Year built: 1928
Sq. Ft.: 2,120
Lot Size: 4,252
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 24
APN: 7205-004-023

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

$795,000

Median List Price/Sq.Ft.

$614

Median Sold Price

$600,000

Median Sold Price/Sq.Ft.

$641

Total Inventory

Median Sale to List Price %

101.69%

Avg Days on Market

Loan Type

Conventional (55.56%), FHA (11.11%), VA (0%), Cash (0%), Other (33.33%)

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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.