330 Cedar Avenue

330 Cedar Avenue, Long Beach, CA 90802

Sale Price


Investment Overview



Year Built


Price Per Unit


Current Cap Rate


Market Cap Rate


Current GRM


Market GRM


The Offering

330 Cedar Avenue is a historic three-story, 25-unit multifamily asset located in the West Gateway submarket of Downtown

Long Beach, within walking distance to a plethora of employment opportunities as well as Pine Avenue, The Pike and other local attractions.

The property is comprised of 20 studio units, four 1 BD / 1 BA units and one 3 BD / 1 BA unit.   In addition to offering the charm and character of hardwood floors, wood built-ins and crown molding, fifteen of the units have been fully renovated in 2019/2020 with new tile and cabinets in kitchens and baths, granite countertops, modern faucets and lighting fixtures.

330 Cedar Avenue offers an investor the opportunity to own a sizable, well-maintained building in the heart of Downtown Long Beach.

Investment Highlights

  • Attractive, sizable property in prime West Gateway
  • Close to employment opportunities, dining and shopping – 94 Walkscore
  • 15 units fully renovated in 2019/2020
  • New roof and interior hallway carpeting
  • 13.26 Market GRM

Virtual Tour