2527 Cedar Ave, Long Beach, CA 90806
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2527 Cedar Ave Long Beach, CA 90806

$975,000 Sold Price as of 05/20/2022
  • 7 Beds
  • 3 Baths
  • 3,034 Sq.Ft.
Sold
$975,000 Sold Price as of 05/20/2022 Refinance Your Mortgage

Map preview of 2527 Cedar Ave, Long Beach, CA 90806

Property Overview: 2527 Cedar Ave Long Beach, CA has 7 bedrooms, 3 bathrooms, 3,034 living square feet and 6,797 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2 on 1, 3 bedroom spanish home in front over 1600 sqft, with 2 car garage awesome architecture, formal dining room separate breakfast room, separate laundry room, spacious bedrooms . Back house is a 4 bedroom 2 bath home built in 1964. Was a 5 bedroom the wall was opened between 2 bedrooms. There might be a possibility to convert the back house into a duplex already has rear entrance and a floor plan that would make it easy to convert, subject to local ordinance.

Listed by James McCormick | BRE #00804012 | Sunbelt Properties
Last checked: 9 minutes ago | Last updated: August 15th, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
6,797
HOA Dues
$0/mo
Year built
1929
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
PW22050566
City
Long Beach
County
Los Angeles
Time on Site
796 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $35,400
  • Net Operating Income: $30,400
  • Gross Operating Income: $35,400
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: $5,000
  • Trash: $600
  • Insurance: $1,000
  • Water/Sewer: $700

Property Details for 2527 Cedar Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Interior Features
  • Levels: One
Exterior Features
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: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7205003018
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: South of Willow St East of Pacific Ave
Neighborhood Information
  • Community Features: Biking
View more facts & features

Local Long Beach Agent

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Sale History for 2527 Cedar Ave

Last leased for $3,395 on August 14th, 2022
  • August, 2022

  • Aug 14, 2022

    Date

    Leased

    CRMLS: CV22168082

    $3,395

    Price

  • Jul 30, 2022

    Date

    Active

    CRMLS: CV22168082

    $3,395

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled 3 bed/1 bath Spanish bungalow located in the highly desirable Wrigley area of Long Beach. This home has all the charm of early 20th century design with its built in cabinetry and front porch area. It also has modern amenities with its new flooring, newly remodeled kitchen and bathroom. The kitchen features new white cabinets with stunning quartz countertops, large sink, stainless steel appliances. There a formal dining area off of the living room and a breakfast area off of the kitchen. The living area features include a fireplace and original built in cabinets. New paint throughout. Inside laundry hookups. Located on a quiet tree-lined street close to shopping, restaurants, parks and public transportation. Do not miss out!

  • May, 2022

  • May 20, 2022

    Date

    Sold

    CRMLS: PW22050566

    $975,000

    Price

  • Mar 14, 2022

    Date

    Active

    CRMLS: PW22050566

    $975,000

    Price

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Tax History for 2527 Cedar Ave

Assessed Value (2020): $248,493
Year Land Value Improved Value Assessed Value
2020 $120,713 $127,780 $248,493

Home Value Compared to the Market

This property vs the competition

2527 Cedar Ave sold on May 20, 2022 for 21.88% higher 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 $321.36 per/sqft which puts the price per square foot 49.15% lower than the current median sale per square foot for the city of Long Beach.

About 2527 Cedar Ave

Detailed summary of property

2527 Cedar Ave is a duplex that recently sold in Long Beach, CA 90806. This duplex offered 7 bedrooms, 3 bathrooms, roughly 3,034 living square feet, and sits on an approximately 6,797 square foot lot. 2527 Cedar Ave was first listed on ArdentRealEstateGroup.com on March 14, 2022. The homeowner sold the property for $975,000. 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 21.88% higher than the current median priced home. Local homes that are currently for sale include 3409 Walnut Ave, 2037 W Lincoln St and 530 Almond Ave. While the average home in Long Beach, CA is selling in 51 days, 2527 Cedar Ave has a days on market of 7 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 2527 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 2527 Cedar Ave

Public county record property details
Beds
8
Baths
3
Year built
1929
Sq. Ft.
3,054
Lot Size
6,796
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
7205-003-018

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
13
Median Sale to List Price %
101.69%
Avg Days on Market
16
Loan Type
Conventional (55.56%), FHA (11.11%), VA (0%), Cash (0%), Other (33.33%)

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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.