38
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$3,949,753
$4,325,000 8.7%
Est. payment /mo
7,503 Sqft Lot
Sold on 07/29/2025
338 Cedar AVE Long Beach, CA 90802
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Key Details
Sold Price $3,949,753
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW23183991
Year Built 1918
Lot Size 7,503 Sqft
Property Description
338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 10.98 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers.The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry Other
Exterior
Pool None
Building
Water District - Public
Others
Special Listing Condition Not Applicable
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