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  • 1217 Cedar Avenue

1217 Cedar Avenue, Long Beach, CA 90813

$2,399,000 Approx. USD 6 beds, 14 baths
8,086 sqft

Reduced by $20,000 on 8/17/2026
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Robert Gabhart REALTOR® - Broker Associate 619-980-8561 m
619-980-8561 o
Lic#: 00755789
NRDS ID: 196557316
rgabhart@bhhscal.com Text Me
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Lic#: 00755789
NRDS ID: 196557316
rgabhart@bhhscal.com San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
Phone: 619-294-3113
Fax: 619-521-0100
 San Diego Central 2355 Northside Drive, Suite 180
San Diego, CA 92108
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Fax: 619-521-0100
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Listing Agent


Jonathan Swire | jon@jonswire.com
Lic#: 01336277
Broker: Courtesy of The Agency
Phone: 310-948-2631

Agent Remarks

PRICED TO SELL AT 9.3 GRM & 6.8% CAP WITH UPSIDE TO 7.2% CAP. Earn over a 10% cash on cash return against in place rents. 14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). The property is professionally managed and well maintained. Some units have updated kitchens, baths and flooring. The property also just received updated landscaping and paint. The building features and excellent unit mix for the area and is located blocks from $8BB worth of redevelopment in the Down Town Long Beach area. There is no onsite parking but there is onsite laundry. The electrical is Siemens - it's a 200 AMP main panel with 30 AMP subpanels (Buyer to verify). Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The City of Long Beach also just approved a $38MM makeover of the Long Beach Airport in preperation for the 2028 Olympics. Qualfied Buyers can get a new loan at 5.40% Fixed for 5 years, Interest Only.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26825645
List price is $2,399,000 Reduced by $20,000 on 8/17/2026
Price: $2,399,000
Beds: 6
Baths: 14
Built in 1929
8,086 sqft
0.16 acres
Lot size: 0.1638
County: Los Angeles
Zoning: LBPD10
Parking description: None
Heating/cooling: None
Heating description: Wall Furnace
MLS area: 4 - Downtown Area, Alamitos Beach

Last Updated: 8/17/2026

 Days On Market (DOM): 113

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This listing belongs to the 4 - Downtown Area, Alamitos Beach MLS area

Lat/Long: 33.781713, -118.195427.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Robert Gabhart

Robert Gabhart REALTOR® - Broker Associate 619-980-8561 m
619-980-8561 o
Lic#: 00755789
NRDS ID: 196557316
rgabhart@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 00755789
NRDS ID: 196557316
rgabhart@bhhscal.com
San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
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