527 Cedar, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 1 bath
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527 Cedar
Long Beach, California 90802
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
809Sq Ft
15,006Lot Size
Property Price
LIST PRICE$398,000
EST. MARKET VALUE
$406,582
SUMMARY
This Turnkey Condominium represents a Prime Investment Opportunity, listed at $398,000—positioned well below the $406,582 Fair Market Value by 2%. This valuation gap offers $8,582 in Instant Equity for the buyer. Featuring a Fully Renovated Interior and a rare Private Garage in downtown Long Beach, the property maintains an Excellent Condition Rating. With its proximity to the coast and local amenities, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready urban sanctuary.
Estimated Market Value
$406,582
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 527 Cedar Subject | $398,000* List Price | 2 | 1 | 809 | $503 | - |
A 505 Cedar Avenue 2a Sold | $390,000 | 2 | 2 | 989 | $394 | 0.0 mi |
B 527 Cedar Avenue Sold | $333,000 | 1 | 1 | 597 | $558 | 0.0 mi |
C 100 Atlantic 701 Sold | $427,000 | 2 | 1 | 820 | $521 | 0.7 mi |
D 100 Atlantic Avenue #604 604 Sold | $406,000 | 2 | 1 | 730 | $556 | 0.7 mi |
E 360 W Ocean Boulevard 408 Sold | $468,000 | 1 | 1 | 951 | $492 | 0.5 mi |
F 421 W 6th 208 Sold | $500,000 | 2 | 2 | 896 | $558 | 0.1 mi |
G 645 Chestnut Sold | $491,000 | 2 | 2 | 934 | $526 | 0.1 mi |
H 350 Cedar Avenue 503 Sold | $339,000 | 1 | 1 | 667 | $508 | 0.2 mi |
I 528 Cedar 3a Active | $425,000 List Price | 1 | 1 | 682 | $623 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1961, the property is listed as fully renovated with new appliances and modern interior finishes including updated flooring and fixtures. As the renovation is current (<5 years), it meets the criteria for excellent condition.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Renovations
The property has been fully renovated with modern upgrades and new appliances, providing a move-in-ready home that eliminates the need for immediate capital improvements.
- Private Parking
The inclusion of a private garage is a significant premium in downtown Long Beach, offering secure parking and storage in an area where street parking is notoriously difficult.
- Prime Coastal Location
Situated just a few blocks from the beach and within walking distance to downtown restaurants and coffee shops, the unit offers an ideal urban-coastal lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 809, other record living area = 611.
- Public Record Discrepancy
The unit is marketed as a two-bedroom but public records only show one, which could lead to complications with appraisals, financing, or future resale value.
- Lack of Views
Despite its proximity to the coast, the property offers no scenic views, which may limit its competitive edge compared to other units in the downtown market.
About 527 Cedar
FULLY RENOVATED, 2-bed condo with PRIVATE GARAGE only a FEW BLOCKS FROM THE BEACH! Welcome to the nest you have been looking for. The current owner purchased it and took care of all the upgrades and renovations (including new appliances), and is just finishing the last few touch ups, creating a perfect space to call HOME. This unit is conveniently located within walking distance from downtown Long Beach, restaurants, coffee shops, and the list goes on.! Enjoy the Long Beach life, without the hassle of finding parking on the street!!! Public record only shows one bedroom. Call listing agent for further information. All info is deemed reliable but not guaranteed. Buyers to verify. Pictures are virtually enhanced to improve furnishing. Public record only shows one bedroom, but it's always been a 2-bed, both with closets.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1961
- Lot Size
- 15,006 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $367.0 / Month
Neighborhood Insights
Long Beach Unified Schools
International Elementary School
Grades K-5 • 0.3 mi
7/10
Edison Elementary School
Grades K-5 • 0.3 mi
5/10
Stevenson Elementary School
Grades K-5 • 0.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 809 | 924.282 |
| Lot Size | 15,006 | 30,288.04 |
| Price | $398.0K | $521.1K |
| Price per sq ft | $492 | $569 |
| Built year | 1961 | 1976 |
| HOA | $367.0 | $460 |
| Days on market | 46 | 74 |
Pricing History
Listed for Sale
Jul 25, 2026
$398,000
Initial Listing
Sold
Apr 15, 2022
$345,000
Public Record
Sold
May 30, 2003
$90,000
Public Record