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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Long Beach at 1242 Cedar Ave, Long Beach, CA, 90813 projects strong ROI of 2.28%. Rental yield 1.56%. With 5% annual appreciation, the property builds $629,922 in value over five years. Equity growth combined delivers a projected five-year ROI of 8.2%, translating into $60,580 in total cumulative return on $738,720 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Multi Family
Built in 1960
7,504 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 90813, Long Beach, CA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,301 (100%) |
| Owner Occupied HU | 2,253 (12.3%) |
| Renter Occupied HU | 15,089 (82.4%) |
| Vacant Housing Units | 959 ( 5.2%) |
| Median Home Value | $671,613 |
| Average Home Value | $711,246 |
Residential
18,765
Single Family
8,305
Multi-Family
10,460
Businesses
1,622
Date | Event | Price |
|---|---|---|
| 2025-10-06 | Sold | $2,280,000 |
| 2025-09-09 | Price change | $2,350,000 |
| 2025-06-23 | Listed for sale | $2,490,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Robert Stepp • Keller Williams Realty Downey
Mls Name: CRMLS
Mls Provider:
Mls ID: #PW25124049
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-10-10 04:25:35 PDT 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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
