7 months on rocket

1044 Cedar Ave, Long Beach, CA, 90813

$1,275,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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1044 Cedar Ave, Long Beach$1,275,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingConcrete, Driveway, On Site, Private
Year Built1915
CoolingNone
FireplaceLiving Room
ViewCity Lights
MLS #OC23184659
Lot Size0.17 Acres
StatusActive

About 1044 Cedar Ave

***Just reduced by $220,000***6.8% Cap Rate***SIX unit building just north of Downtown Long Beach. Property consists of a 4 bed 2 bath Craftsman single family home in front, and a rear building with 5 additional units (TWO 2bed 1 bath units, TWO 1 bed 1 bath units, and ONE non-conforming 2 bed 1 bath basement apartment). Amenities include on-site parking, on-site laundry for extra income, and an upstairs observation deck with 360-degree views of the San Gabriel Mountains, the Downtown skyline, and Palos Verdes Peninsula. All tenants are long-term multiple-year occupants on month-to-month rental contracts. These extremely well-performing units are all month to month with wonderful long-term tenants, a 6.8% Cap rate and tons of growth potential!

Property Details

Property Features

Property Information:

  • Architectural Style: Craftsman
  • Year Built: 1915
  • Stories: 2

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (714) 392-2880
  • Listing Agent: Terry McCarty

Interior Features

Interior Information:

  • Interior: Ceiling Fan(s)
  • Fireplace: Living Room

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Parking: Concrete, Driveway, On Site, Private

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Level
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Cooling: None

Other

Directions Information:

  • Directions: North of 10th St/ West of Pacific

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,275,000

Tax Information:

  • Annual Amount: $15,139
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$790.3K

Med. Price/SqFt

$616

Avg. Days On Market

27

# of Sold Homes

179

1044 Cedar Ave vs Long Beach

215 DAYS ON ROCKET

+188 Days

$1,275,000

+$484.6K More

KEY TAKEAWAY

This property is $484.6K more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #OC23184659

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (714) 392-2880
  • Listing Agent: Terry McCarty

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2024, 12:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 07, 2019Home Sold
$1,175,000
Jul 28, 2016Home Sold
$852,000
Jun 13, 1997Home Sold
$245,000
Jan 24, 1997Home Sold
$120,000

Tax History

YEARPROP. TAXASSESSMENT
2021$15,139$1,187,772
2020$11,710$1,175,000
2019$11,322$886,420
2018$11,203$869,040
2017$11,203$852,000

History based on county public records data.

Payment Calculator

$6,431

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,889

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-6738929
5
/10

  • International Elementary School

  • 700 Locust Ave

  • 0.38 miles

  • Public District Grades KG-5

school-card-donut-6738930
5
/10

  • Edison Elementary School

  • 625 Maine Ave

  • 0.51 miles

  • Public District Grades KG-5

school-card-donut-6738931
4
/10

  • Stevenson Elementary School

  • 515 Lime Ave

  • 0.75 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,202. The most common annual income of people living in Long Beach, CA is less than $35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Long Beach›90813›1044 Cedar Ave

This home is located at 1044 Cedar Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This home, which was built in 1915, sits on a 0.17 acre lot. It has been listed on Rocket Homes since October 03, 2023 and is currently priced at $1,275,000.

While more than 96 listings in Long Beach, CA in April 2024 were sold above asking price, there were more than 36 listings sold at asking price, and more than 47 were sold below. Between March 2024 and April 2024, Long Beach, CA real estate market has seen increase in the number of listings by 8%. In April 2024 median list price was $790,334 and the average listing age was 27 days.

From Rocket Homes Real Estate and based on county public records data.

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