CA > Long Beach
Long Beach, CA 90813,1242 Cedar Avenue
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Long Beach, CA 90813,1242 Cedar Avenue
Long Beach, CA 90813,1242 Cedar Avenue
Long Beach, CA 90813,1242 Cedar Avenue
Long Beach, CA 90813,1242 Cedar Avenue
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Garrick Yan

Garrick Yan

+1(510) 999-8008
Listed by Robert Stepp • Keller Williams Realty Downey
$ 2,490,000
Est. payment /mo
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Active

1242 Cedar Avenue Long Beach, CA 90813

7,166 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,166 sqft

Price per Sqft $347

MLS Listing ID CRPW25124049

HOA Y/N No

Year Built 1960

Lot Size 7,504 Sqft

Property Sub-Type Other

Source Datashare California Regional

Property Description

1242 Cedar Avenue is a 12-unit apartment asset located in Downtown Long Beach. The asset is priced at 6.57% cap rate and 10.12 GRM at current rents. The property is comprised of (9) 1 Bed/1Bath units and (3) 2 Bed/1 Bath units. Seven of the 12 units are fully renovated with new flooring and modern kitchens and baths featuring designer fixtures and finishes. The secured-access building has undergone key capital improvements, including new windows, fresh exterior paint, and upgraded electrical systems throughout. Additional income is generated from on-site parking and tenant- accessible laundry facilities. With a Walk Score of 89, the property is ideally positioned for tenant convenience, offering close proximity to a wide range of amenities, including shops, restaurants, and entertainment venues. The location is also within walking distance of the East Village Arts District, one of Long Beach’s most vibrant and sought-after neighborhoods, known for its creative energy and strong rental demand. 1242 Cedar Avenue offers investors a well-maintained asset with upside in an infill location experiencing continued growth and revitalization.

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry Common Area

Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
agent

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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