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1629 Cedar Ave, Long Beach, California 90813, Long Beach, 90813 - bed, bath

1629 Cedar Ave, Long Beach, California 90813 home-pic-0
ACTIVE$1,399,000
1629 Cedar Ave, Long Beach, California 90813
0Bed
0Bath
3,091Sqft
7,551Lot
Year Built
1942
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$453
HOA
-
Days on market
-
Sold On
-
MLS number
SB25237854
Home ConditionFair
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(92th), sqft - 3091(77th), beds - undefined(50th), baths - undefined(50th).

Fantastic opportunity to own a cash-flowing 4-unit property in the heart of Long Beach! This single-story building features four spacious 2-bed/1-bath units with long-term tenants on month-to-month leases. One unit was just renovated and is MOVE-IN READY, perfect for an owner user! The property offers secure gated entry, (4) 1-car garages, and a storage room, providing both convenience and extra income potential. The detached garage structure offers excellent ADU potential above (buyer to verify), creating the opportunity to add value and increase future cash flow. With its low-maintenance design and steady income, this property is ideal for investors or an owner-occupant looking to live in one unit and rent out the others. Located just minutes from Downtown Long Beach, parks, shopping, and major freeways, the property also benefits from the $175 million redevelopment of Washington Middle School just down the street on Cedar Ave, a transformative project that underscores the city’s investment in the neighborhood and enhances long-term community appeal.

Nearby schools

7/10
Roosevelt Elementary School
Public,•K-5•0.5mi
7/10
International Elementary School
Public,•K-5•0.9mi
8/10
Lafayette Elementary School
Public,•K-5•1.0mi
5/10
Edison Elementary School
Public,•K-5•1.0mi
6/10
Washington Middle School
Public,•6-8•0.2mi
6/10
Polytechnic High School
Public,•9-12•0.6mi
3/10
Cabrillo High School
Public,•9-12•1.2mi

Price History

Date
Event
Price
10/13/25
Listing
$1,399,000
10/13/17
Sold
$765,000
02/28/12
Sold
$380,000
08/15/05
Sold
$691,000
01/13/05
Sold
$600,000
04/09/04
Sold
$520,000
Condition Rating
Fair
Built in 1942, this property is over 80 years old. While the exterior appears well-maintained with fresh paint and updated gates/garages, and one unit is described as 'just renovated' and 'move-in ready,' there are no interior images to assess the condition of kitchens, bathrooms, flooring, or fixtures for any of the units. Given the age of the building and the fact that only one of the four units has been renovated, it is highly probable that the other three units feature outdated interiors, kitchens, and bathrooms, and older systems (plumbing, electrical) that would require significant updates to meet current standards. The property's age is also noted as a weakness in the MLS analysis, suggesting potential for higher maintenance costs or future capital expenditures.
Pros & Cons

Pros

Strong Cash Flow & Investment Opportunity: This 4-unit property offers immediate cash flow with long-term tenants on month-to-month leases, making it an ideal investment for passive income or an owner-occupant.
Significant Value-Add Potential (ADU): The detached garage structure presents excellent Accessory Dwelling Unit (ADU) potential, offering a clear path to increase property value and future rental income.
Recent Renovation & Owner-Occupant Appeal: One unit has been recently renovated and is move-in ready, providing an attractive option for an owner-occupant to live on-site while benefiting from rental income.
Desirable Location & Neighborhood Growth: Located minutes from Downtown Long Beach, parks, shopping, and major freeways, the property also benefits from a significant $175 million redevelopment project nearby, enhancing long-term community appeal and potential appreciation.
Tenant Amenities & Security: The property features secure gated entry, four individual 1-car garages, and a storage room, providing valuable amenities and security for tenants.

Cons

Age of Property: Built in 1942, the property is over 80 years old, which may indicate older infrastructure, systems (plumbing, electrical), and potential for higher maintenance costs or future capital expenditures.
Month-to-Month Leases: While offering flexibility, month-to-month leases can lead to higher tenant turnover or less predictable long-term income compared to fixed-term leases, and may require management if an owner-occupant wishes to move into a specific unit.
Unverified ADU Potential: The ADU potential, while significant, is noted as 'buyer to verify,' implying that the feasibility, permitting, and associated costs are not confirmed and would require due diligence and investment from the buyer.

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