$4,750,000

330 Cedar Avenue, Long Beach, CA 90802

  • 14,055 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1915
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $338/sqft
  • Property List Date Icon Listed 22 days ago

Property Description

PRICED TO SELL. Under 10 GRM and 6.0% CAP. 25 units in the heart of Downtown Long Beach. Excellent unit mix for the area. Well-maintained and professionaly managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). The building is blocks from over $8BB in redevelopment including the new Library and many new apartment complexes and restaurants. All unit interiors and common areas heavily updated. The buildings electrical was updated to a 400 AMP main panel and 60 AMPS in each unit and the roof was replaced in 2020. The building was also retrofitted in 1989. New laminate flooring throughout the common areas. Onsite laundry in the basement area. There is a separate house in the rear that has 2 large units - a 3 bed/1 bath and 1 bed/1 bath unit. Loan quote provided by David Guevara. Momenta Capital Group. Qualified Buyers can put as little as 28% down and earn over an 8% cash on cash return against in-place rents. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL.

Listing Status:
Active
Date Added:
November 13, 2025 at 06:00AM
Listing Office:
The Agency : 424-230-3700
Listing Agent:
Jonathan Swire : 310-948-2631
MLS ID:
CL25618923
  • A/C: None
  • Heating: Wall Furnace
  • Parking: Assigned
  • County: Los Angeles
  • Zoning: LBPD7280015009

This listing courtesy of Jonathan Swire, The Agency

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Chavez Elementary School

730 W 3rd St, Long Beach, CA, 90802

Grades KG-5

0.38 miles away

W

Washington Middle School

1450 Cedar Ave, Long Beach, CA, 90813

Grades 6-8

0.98 miles away

R

Renaissance High School for the Arts

235 E 8th St, Long Beach, CA, 90813

Grades 9-12

0.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.