Exceptional Investment Opportunity in Prime Long Beach Location!
Discover this fully updated 6-unit apartment complex featuring modern finishes and smart layouts. The property includes a spacious front unit with 4 bedrooms and 3 bathrooms, ideal for an owner-occupant or premium rental, plus four well-designed 2-bed/1-bath units in the rear building. Adding to its appeal, the property also offers an unpermitted 3-bed/1-bath basement unit (~780 SF) with an additional 380 SF of storage space, currently generating extra rental income. All units have been tastefully renovated with contemporary kitchens, updated bathrooms, and modern flooring, creating a turnkey opportunity for investors seeking immediate cash flow. The property’s central location provides easy access to Downtown Long Beach, shopping, dining, freeways, and public transit, making it highly desirable for tenants. Whether you’re looking to expand your portfolio or occupy one unit while renting out the others, 1044 Cedar Avenue combines modern living with excellent income potential.
Listed by Mindy Kim
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License #01402568
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Sagewood Properties
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213-700-1516
Last updated October 02, 2025
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Source: CRMLS #RS25231343
Listing Facts
TypeMulti-family
NeighborhoodWillmore City
Days on Prevu20
Taxes$15,790.29/year
Amenities
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
10/18/2025
Status changed to Active
$1,995,000
10/17/2025
Status changed to Removed from Feed
$1,995,000
10/02/2025
Listed by Sagewood Properties
$1,995,000
Property Details for 1044 Cedar Avenue
Association
Amenities
Community Features: Sidewalks
Exterior
Construction
Number Of Units Total: 6
Property Attached: Yes
Roof: Shingle
Stories Total: 2
Year Built: 1915
Common Walls: 2+ Common Walls
Construction Materials: Drywall, Stucco
Entry Level: 1
Entry Location: Ground level
Measurements
Building Area Total: 3,744
Building Area Units: Square Feet
Lot Features: 6-10 Units/Acre, Landscaped, Sprinkler System
Lot Size Acres: 0.17
Lot Size Area: 7,451
Lot Size Source: Assessor
Lot Size Square Feet: 7,451
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $152,400.00
Operating Expense: $45,720.00
Taxes
Parcel Number: 7272005028
Tax Annual Amount: $15,790.29
Tax Year: 2025
Other
Location
Tax Lot: 20
Parking
Parking
Open Parking Spaces: 5
Parking Total: 5
Utilities
Equipment
Cooling: Central Air, See Remarks
Has Cooling: Yes
Heating: Central, See Remarks
Has Heating: Yes
Laundry Features: Washer Hookup, Gas Dryer Hookup, Inside
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.