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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,995,000

Est. payment - /mo

7,453 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID RS25231343

HOA Y/N No

Year Built 1915

Annual Tax Amount $15,790

Tax Year 2025

Lot Size 7,453 Sqft

Property Sub-Type Apartment

Property Description

Exceptional Investment Opportunity in Prime Long Beach Location!
Discover this fully updated 6-unit apartment complex featuring modern finishes and smart layouts. The property includes a spacious front unit with 4 bedrooms and 3 bathrooms, ideal for an owner-occupant or premium rental, plus four well-designed 2-bed/1-bath units in the rear building. Adding to its appeal, the property also offers an unpermitted 3-bed/1-bath basement unit (~780 SF) with an additional 380 SF of storage space, currently generating extra rental income. All units have been tastefully renovated with contemporary kitchens, updated bathrooms, and modern flooring, creating a turnkey opportunity for investors seeking immediate cash flow. The property's central location provides easy access to Downtown Long Beach, shopping, dining, freeways, and public transit, making it highly desirable for tenants. Whether you're looking to expand your portfolio or occupy one unit while renting out the others, 1044 Cedar Avenue combines modern living with excellent income potential.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Heating Central, See Remarks

Cooling Central Air, See Remarks

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Pool None

Community Features Sidewalks

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available

Roof Type Shingle

Total Parking Spaces 5

Private Pool No

Building

Lot Description 6-10 Units/Acre, Landscaped, Sprinkler System

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7272005028

Energy Description 100.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Read Less Info

Listed by Mindy Kim Sagewood Properties 213-700-1516

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

8

Signal Hill Elementary School

Public | KG - 5
8

Alvarado Elementary School

Public | KG - 5
7

Muir Academy

Public | KG - 8
7

Chavez Elementary School

Public | KG - 5
7

Birney Elementary School

Public | KG - 5
7

Lafayette Elementary School

Public | KG - 5
7

Robert Louis Stevenson Elementary School

Public | KG - 5
7

Lincoln Elementary School

Public | KG - 5
6

Garfield Elementary School

Public | KG - 5
6

Robinson K - 8 Academy

Public | KG - 8
6

Roosevelt Elementary School

Public | KG - 5
6

Mann Elementary School

Public | KG - 5
5

Elizabeth Beth Hudson K - 8 School

Public | KG - 8
5

Daniel Webster Elementary School

Public | KG - 5
5

Oropeza Elementary School

Public | KG - 5
5

Smith Elementary School

Public | KG - 5
5

Burbank Elementary School

Public | KG - 5
5

Nieto Herrera Elementary School

Public | KG - 5
5

Willard Elementary School

Public | KG - 5
4

Edison Elementary School

Public | KG - 5

Middle Schools 6

9

Intellectual Virtues Academy of Long Beach

Public | 6 - 8
6

Franklin Classical Middle School

Public | 6 - 8
6

Jessie E. Nelson Academy

Public | 6 - 8
5

Stephens Middle School

Public | 6 - 8
5

Washington Middle School

Public | 6 - 8
0

Regency High School

Private | 7 - 12

High Schools 8

7

Renaissance High School for the Arts

Public | 9 - 12
6

Polytechnic High School

Public | 9 - 12
1

Cabrillo High School

Public | 9 - 12
1

Beach High-Intensive Learning Program

Public | 9 - 12
0

Reid High School

Public | 11 - 12
0

Educational Partnership High School

Public | 9 - 12
0

St Anthony High School

Private | 9 - 12
0

Long Beach Unified School District Regional Occupational Program

Public | 10 - 12

School and business data provided by Attom Data.

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1044 Cedar AVE Long Beach, CA 90813