Skip To Content

338 Cedar Avenue

Long Beach, CA 90802
  • $4,325,000
  • STATUS: Active
  • ON SITE: 540 Days
  • MLS #: PW23183991
UPDATED: 20 min ago
$4,325,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1918
County:

School Ratings & Info

Listing Agent(s): Robert Stepp of Keller Williams - Santa Monica (310-482-2200)


Description

338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 10.98 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeledwith recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers.The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-27T18:36:01.77. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/144030263
Print Image

338 Cedar Avenue Long Beach, CA 90802

  • Price: $4,325,000
  • Status: Active
  • On Site: 540 Days
  • Updated: 20 min ago
  • MLS #: PW23183991
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1918
Built
Neighborhood:
Downtown (Dt)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 10.98 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeledwith recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers.The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 17 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 5.84 Common Interest Community Apartment Community Features Sidewalks Electric Expense 2510 Fuel Expense 4627 Garage YN No Gross Income 382102 Gross Scheduled Income 393920 Insurance Expense 10200 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Maintenance Expense 11900 Net Operating Income 252704 New Construction YN No New Taxes Expense 56005 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Operating Expense 129399 Other Expense 5100 Pest Control Expense 1000 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 424 Water Sewer Expense 10328 Water Source Public Zoning LBPD30



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-27T18:36:01.77. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_371994384-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_371994384-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_371994384-2.jpg
Logo
Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Robert Stepp of Keller Williams - Santa Monica (310-482-2200)