#PW24173858, Alec Kara, Listing Office: Keller Williams Pacific Estate
#SB25042843·
Listing office: Buckingham Investments, Inc·
Listing agent: Anthony Walker·
Listing office phone: 310-561-4776
$3,150,000 List price
1439 Cedar Ave Long Beach, CA 90813
0.2 acres
Condo
Property details
About 1439 Cedar Ave
This turnkey high yield 16 unit property is located in a dense rental demand area of Long Beach. There are 15 one bedroom units and 1 two bedroom unit in over 10,000 square feet of space, plus 4 garages and storage in rear. The high in-place cash flow with actual rents offers 9.9X gross at close, and 9.5X GRM at market rents. The property has been extensively renovated in recent years including exterior refresh, new windows, lighting, common area flooring, fencing, controlled access, and all units upgraded with vinyl flooring, new kitchens, bathrooms, paint, and lighting. The major systems include newer separately metered main electrical panel, full plumbing re-pipe in 2022, reinforced foundation, and a newer roof. The is a laundry room on the premises for additional income, and great potential for substantial upside through conversion of 4 garages and storage in rear structure to ADUs. The building is conveniently located in the Washington neighborhood directly across the street from Washington Middle School, which is currently undergoing a massive $176 Million reconstruction project. There is excellent transit access with only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. The property is also just 7 blocks North of Downtown Long Beach, with ongoing new developments of over $8 Billion. Over 60% of household within 5 miles are renters with an average household income of over $94,000 (per Costar).
Highlights
Home typeCondominium
HeatingWall Furnace
StatusActive
Lot size0.1707 Acres
Year built1928
ParkingGarage
MLS #SB25042843
Garage4 spaces
Summary
- MLS Number: SB25042843
- MLS Name: CRMLS
- Office Name: Buckingham Investments, Inc
- Office Phone: (310) 561-4776
- Listing Agent: Anthony Walker
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: 4/14/2025, 11:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,150,000
1439 Cedar Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 12, 2021 | Home Sold | $3,095,000 |
| Apr 27, 2016 | Home Sold | $1,950,500 |
| Dec 18, 2013 | Home Sold | $1,395,000 |
| Aug 26, 2005 | Home Sold | $689,500 |
| Aug 26, 2005 | Home Sold | $689,500 |
| Jul 14, 2004 | Home Sold | $1,150,000 |
| Feb 21, 2003 | Home Sold | $692,000 |
| Oct 07, 1998 | Home Sold | $122,000 |
| Jun 15, 1995 | Home Sold | $120,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $3,286,518 | $43,645 |
| 2023 | $3,222,118 | $42,892 |
| 2022 | $3,158,980 | $40,266 |
| 2021 | $2,134,905 | $27,968 |
| 2020 | $2,110,956 | $27,565 |
| 2019 | $2,069,566 | $26,862 |
| 2018 | $2,028,988 | $26,576 |
| 2017 | $1,989,204 | $26,576 |
History based on county public records data.
Nearby schools
6
Roosevelt Elementary School
Public District KG-5
0.5 mi
•1574 Linden Ave
5
Oropeza Elementary School
Public District KG-5
0.7 mi
•700 Locust Ave
6
Edison Elementary School
Public District KG-5
0.8 mi
•625 Maine Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,386. Residents of Long Beach, CA typically earn between $35k-100k each year. Typical family type is married, with kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
44%
<35k
47%
35k-100k
8%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
19%
Single, No Kids
35%
Single, with Kids
10%
Married, No Kids
36%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
13%
12-17 yrs old
29%
18-34 yrs old
31%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
H&M
Foot Locker
Where do the neighbors go to eat?
Jack In The Box
Boston Market
Little Caesars
What do the neighbors drive?
Nissan
Honda
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1439 Cedar Ave
This home is located at 1439 Cedar Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 6, 2025 and is currently priced at $3,150,000.
In March 2025, from all listings sold in Long Beach, CA there were more than 58 sold above asking price, over 59 sold below and more than 28 were sold right at the asked price. In March 2025 in Long Beach, CA there were 5% more homes for sale than in February. The median list price of listings available in March 2025 was $830,250, while the average time on the real estate market was 32 days.
From Rocket Homes Real Estate and based on county public records data.