714-745-2708

1217 Cedar Avenue, Long Beach, CA 90813

$2,219,000 Approx. USD 6 beds, 14 baths
8,086 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Jonathan Swire | jon@jonswire.com
Lic#: 01336277
Broker: Courtesy of The Agency
Phone: 310-948-2631

Agent Remarks

BIG PRICE REDUCTION - PRICED TO SELL AT 8.6 GRM & 7.6% CAP WITH UPSIDE TO 8.0% CAP. Earn over an 11% cash on cash return against in place rents. 14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). The property is professionally managed and well maintained. Some units have updated kitchens, baths and flooring. The property also just received updated landscaping and paint. The building features and excellent unit mix for the area and is located blocks from $8BB worth of redevelopment in the Down Town Long Beach area. There is no onsite parking but there is onsite laundry. The electrical is Siemens - it's a 200 AMP main panel with 30 AMP subpanels (Buyer to verify). Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The City of Long Beach also just approved a $38MM makeover of the Long Beach Airport in preperation for the 2028 Olympics. Qualfied Buyers can get a new loan at 6.1% Fixed for 5 years, Interest Only with 30% down.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26825645

List price is $2,219,000 Reduced by $30,000 on 10/26/2026

Price: $2,219,000

Beds: 6

Baths: 14

Built in 1929

8,086 sqft

0.16 acres

Lot size: 0.1638

County: Los Angeles

Zoning: LBPD10

Parking description: None

Heating/cooling: None

Heating description: Wall Furnace

MLS area: 4 - Downtown Area, Alamitos Beach

Last Updated: 10/26/2026

Days On Market (DOM): 197

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This listing belongs to the 4 - Downtown Area, Alamitos Beach MLS area

Lat/Long: 33.781713, -118.195427.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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