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Sold on 04/26/2024
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442 Cedar Ave, Long Beach, CA 90802

$3,520,000

Last sold 04/26/2024 after 100 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 442 Cedar Ave

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 7,405 Sqft
Parking 4 garage spaces
Rental estimate
Property description
442 Cedar Avenue is a 22-unit multifamily investment opportunity located in Long Beach, CA. The property offers a mix of studio, one, and two-bedroom floor plans with amenities including security doors, gated access, and four garage spaces. 442 Cedar Avenue is situated in a fantastic Downtown Long Beach location, surrounded by an abundance of retail, dining, and entertainment options, as well as employers. Additionally, the property’s close proximity to Interstate 710 provides convenient access to the Port of Long Beach and the Port of Los Angeles, two of the busiest ports in the world and a major employment hub for the region. Furthermore, 442 Cedar Avenue is within close proximity of all three levels of education.
Listed by
Listing Agent - Tyler Leeson
Listing Agent Contact: 714-713-9086
Listing Office - Marcus & Millichap RE Invest
Source: CRMLS mls logo
MLS#OC24010591 • last updated 2 years ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.17
Lot Size (SqFt) 7405.2
Year Built 1923
Interior
Laundry None
Exterior
Building Area Square Feet, 9699
# Parking Spaces 4
# Garage Spaces 4
Lot Description Landscaped
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks, Street Lights
Subdivision Downtown (DT), Downtown (DT)
Zoning LBPD30
Directions Cross Streets: W 6th Street / Pacific Avenue
APN 7280010005
Multifamily Details
Vacancy Allowance 7126
Expense: Trash 6932.2
Operating Expense 124634
Expense: Insurance 11000
Total Expenses 124634
Expense: Maintenance 11000
Expense: Water/ Sewer 6932.2
Gross Income 230414
Gross Operating Income 230414
Expense: Electric 6932.2
Gross Scheduled Income 237540
Expense: Fuel 6932.2
Rental est.: $1,256/month
Gross rent multiplier: 233.5
  • Apr 2024
    Public Records
  • Apr 29, 2024 Sold
    $3,520,000
  • Apr 2024
    mls logo MLS # OC24010591
  • Apr 27, 2024 Sold
    $3,520,000
  • Apr 9, 2024 Pending
    —
  • Mar 22, 2024 Active
    —
  • Jan 17, 2024 Listed
    $3,520,000
  • Year Property taxes Tax assessment
  • 2024
    $47,307 +739.6%
    $3,524,700 +1930.49%
  • 2023
    $5,634 +4.9%
    $173,589 +1.94%
  • 2022
    $5,370 +4.4%
    $170,278 +1.94%
  • 2021
    $5,142 +0.3%
    $167,032 +1.01%
  • 2020
    $5,128
    $165,369
  • 442 Cedar Ave
    $3.52M
  • Downtown Long Beach
    $409K -15% y/y
  • 90802
    $465K -6% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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5/10
Chavez Elementary School
public Grades K-5
Long Beach Unified School District
4/10
Washington Middle School
public Grades 6-8
Long Beach Unified School District
4/10
Cabrillo High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/12/2026. 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.
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