1242 Cedar Avenue, Long Beach, CA 90813

Local realty services provided by:ERA North Orange County Real Estate
1242 Cedar Avenue,Long Beach, CA 90813
$2,350,000
  • 3 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:robert stepp
Office:keller williams realty downey
MLS#:PW25124049
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,350,000

About this home

1242 Cedar Avenue is a 12-unit apartment asset located in Downtown Long Beach. The asset is priced at 7.00% cap rate and 9.60 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 Beachs most vibrant and sought-after neighborhoods, known for its creative energy and strong rental

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Home facts

  • Listing ID #:PW25124049
  • Added:120 day(s) ago
  • Updated:October 02, 2025 at 01:54 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2

Finances and disclosures

  • Price:$2,350,000
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