1123 Cedar Ave, Long Beach, CA 90813
Property image
Property image
FOR SALE
Listed by Robert Stepp, Keller Williams Realty Downey, (310) 463-2916

$2,530,000

Original price: $2,540,000
  • 17 Beds
  • 11 Baths
  • 8,348 sqft

1123 Cedar Ave, Long Beach, CA 90813

Willmore City
Est. Mortgage $15,530/mo*
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Home Highlights

Multi-Family
Built in 1964
$303/sqft
Garage

Local Information

  • Map ViewExplore the area around 1123 Cedar Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

1123 Cedar Avenue presents the opportunity to acquire a well-maintained 11-unit multifamily asset offering an attractive combination of immediate cash flow, operational stability, and long- term upside in Willmore City Historic District. Offered at a 6.55% current cap rate with additional rental upside, the property delivers compelling day-one returns while providing investors with multiple opportunities to further enhance income and overall asset value. Originally constructed in 1964, the property has benefited from extensive system upgrades that substantially reduce future capital expenditure requirements, including new plumbing, new electrical wiring and panels, individual tankless water heaters, upgraded wall furnaces, and a recently sealed roof. These improvements position the asset as a durable, low-maintenance investment with limited near-term deferred maintenance. The property's desirable unit mix of (6) spacious two-bedroom units and (5) one-bedroom units appeals to a broad renter demographic, while current rents remain below nearby market comparables, providing a clear path to future NOI growth through natural tenant turnover. Existing garage income, on-site laundry facilities, and (6) detached garages present potential ADU conversion opportunities, creating an additional long-term value creation strategy. Located just minutes from Downtown Long Beach and the 710 Freeway, the property benefits from exceptional commuter access and sits within a city experiencing significant public and private investment. Continued expansion in aerospace, logistics, healthcare, technology, and infrastructure—including billions
of dollars of corporate investment, the growing "Space Beach" employment hub, and extensive preparations for the 2028 Olympic Games—continues to strengthen the city's long-term economic outlook and support sustained rental demand. For investors seeking stable cash flow with meaningful upside, limited capital expenditure risk, and multiple avenues for future appreciation, 1123 Cedar Avenue represents a compelling opportunity to acquire a quality multifamily asset in one of Long Beach's most dynamic rental markets.

Home Details for 1123 Cedar Ave

Interior Features

Beds & Baths
Number of Bedrooms: 17Number of Bathrooms: 11
Appliances & Utilities
Laundry: Common Area
Windows, Doors, Floors & Walls
Common Walls: 2+ Common Walls
Levels, Entrance, & Accessibility
Number of Stories: 2Entry Location: 1

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 6Number of Covered Spaces: 6Has a GarageParking Spaces: 6Parking: Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 16Days on Market: 17

Property Information

Year Built
Year Built: 1964
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Mixed Use
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 7272006006

Price & Status

Price
List Price: $2,530,000Price Per Sqft: $303

Active Status

MLS Status: Active

Location

Direction & Address
City: Long BeachCommunity: Willmore District (Wm)

Agent Information

Listing Agent
Listing ID: PW26180162

Building

Building Area
Building Area: 8348 Square Feet

Community

Community Features: SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 7452 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan, 1031 Exchange

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: PW26180162Living Area Range Units: Square FeetAttribution Contact: 310-463-2916Common Interest: NoneUniversal Property Id: US-06037-N-7272006006-R-N

Additional Information

SidewalksSource Internet Entire Listing Display

Around this home

Neighborhood Overview

Willmore City
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Willmore City

At least 159 Trulia users voted on each feature.

  • 95 % Say there are sidewalks

  • 82 % Say it's dog friendly

  • 75 % Say it's walkable to restaurants

  • 75 % Say it's walkable to grocery stores

  • 65 % Say car is needed

  • 55 % Say there's holiday spirit

  • 53 % Say streets are well-lit

  • 51 % Say yards are well-kept

  • 50 % Say kids play outside

  • 48 % Say neighbors are friendly

  • 45 % Say people would walk alone at night

  • 44 % Say there's wildlife

  • 42 % Say they plan to stay for at least 5 years

  • 34 % Say it's quiet

  • 31 % Say there are community events

  • 15 % Say parking is easy

Sourced by Trulia users. Learn more about our methodology.
  • John Shipp
    "There are great schools. There is an elementary school and a high school school for the performing arts."
    0
    Flag
  • Brittany Williams
    "There’s a fire station on my block makes us feel safe and special. My child walks to school so the area is a safe area for families. "
    3
    Flag
  • Trulia User
    "Dog friendly neighborhood where most people clean up after themselves but there is a lot of trash pets might pick up"
    0
    Flag
  • Trulia User
    "homeless activity it hight here now. wish that was under control better. Parking is horrible, too populated "
    16
    Flag
  • V.selene5
    "It’s a nice neighborhood. But I absolutely hate like that there is no parking. Anywhere!!! They made too many apartments with not enough parking smh"
    1
    Flag
  • Katherine E. W.
    "Access to public transportation is good but A line needs better cleaning service and more security presence. Lots of sketchy opportunistic predators on certain stretches. Local transit is well maintained but schedules don't coordinate well with other lines. "
    2
    Flag
  • Katherine E. W.
    "The local bus service is not coordinated well with the train. The A line to Los Angeles is very unsafe with lots of sketchy characters who will steal your phone when you're not looking."
    1
    Flag
  • Bridget H.
    "Stray small dogs and poop often found around. There are a few dog walkers and they seem to take good care of the dogs."
    0
    Flag
  • Arian M.
    "we need more street lights or stop signs. too many car accidents are happening we also need more parking parking is really hard to find after 5 P.M"
    2
    Flag
  • Bridget H.
    "Aside of alcoholics and murderers nearby people often urinate and defecate in the alleys. This is not a safe area for kids... or even adults after dark. walk with pepper spray."
    6
    Flag
  • Bret R.
    "The blue line is a close walk. The 710 is a mile away. The area is easily accessible. I drive or take the train to compton which takes 15-20 minutes. "
    1
    Flag
  • Marina D.
    "Its pretty densely populated in this area, which means traffic very much depends on the day. Most the time it’s not too bad. I avoid the 710 at all costs and take 7th street always. "
    0
    Flag
  • V.selene5
    "It’s nice to live here. What sucks the most is the parking!! There is NEVER PARKING! People are selfish and the city of Long Beach does not care about the parking situation. That’s a huge issue in this city. Besides that it’s a good place to live in. "
    1
    Flag
  • V.selene5
    "Usually at the Drake park. Or like on Halloween the whole entire neighborhood is out enjoying the time. One thing I hate the most is when cars save parking for each other it’s not fair. Long Beach needs to make more parking!!!"
    3
    Flag
  • Bridget H.
    "Lots of homeless. Dont walk down most alleys past 7pm. It is dangerous. Lots of drunks. Urine in alleys and sometimes feces. I have lived here for 1 year."
    137
    Flag
  • V.selene5
    "They have special summer events at the park. Besides that it’s walking distance to downtown LongBeach and the beach also the The Pike Outlets. I love living here. "
    2
    Flag
  • Sil_ramirez1
    "Lived in this neighborhood for 2 years and there’s no parking, never! People are friendly and walk their dogs everyday. "
    3
    Flag
  • Kjmitch39
    "My neighborhood is quiet, friendly and diverse. It's close to everything, including the Metro train to LA, and the water."
    2
    Flag
  • Kythompson52
    "that we get along well and I know the grocery store people by first name base it's very friendly people who live in this neighborhood "
    1
    Flag

Market trends in Long Beach

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$818K
$12.5KMoM
Sale-to-List Price
100.0%
Price per sq ft
$646
$17MoM
Available listings
797
3MoM

Home Value

Trulia Estimate
$2.42M
Since last month
Decreased$62K (-2.5%)
Since last year
Decreased$62K (-2.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -3% in the last 10 years
MonthEstimated value
2026
September 2026$2.42M
August 2026$2.48M

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1242 Cedar Ave, Long Beach, CA
0.11
Multi-Family Home
$2,280,000
10/06/25
15
12
7,166
1040 Cedar Ave, Long Beach, CA
0.08
Multi-Family Home
$2,300,000
08/27/26
19
16
8,818
939 Pacific Ave, Long Beach, CA
0.17
Multi-Family Home
$2,705,000
09/01/26
13
13
7,836
435 W 11th St, Long Beach, CA
0.10
Multi-Family Home
$1,890,000
05/13/26
14
9
6,395
310 W 8th St, Long Beach, CA
0.30
Multi-Family Home
$2,590,000
10/03/25
14
10
8,945
1415 Cedar Ave, Long Beach, CA
0.26
Multi-Family Home
$2,020,000
04/29/26
14
10
6,922
1430 Chestnut Ave, Long Beach, CA
0.29
Multi-Family Home
$2,140,000
11/13/25
12
12
6,402
1021 Pacific Ave, Long Beach, CA
0.11
Multi-Family Home
$1,330,000
07/27/26
11
6
4,860
1626 Pine Ave, Long Beach, CA
0.52
Multi-Family Home
$2,700,000
05/14/26
16
14
7,780
1775 Locust Ave, Long Beach, CA
0.65
Multi-Family Home
$1,960,000
12/17/25
19
9
7,176

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
225 W 12th St, Long Beach, CA 90813
0.09
$550,000
3
1
1,406
Recently Sold
1217 Cedar Ave, Long Beach, CA 90813
0.07
$2,399,000
6
14
8,086
For Sale
1070 Chestnut Ave, Long Beach, CA 90813
0.04
$2,800,000
12
12
6,480
For Sale
1044 Cedar Ave, Long Beach, CA 90813
0.07
-
12
7
4,766
Off Market
1242 Cedar Ave, Long Beach, CA 90813
0.11
$2,272,300
15
12
7,166
Off Market
1040 Cedar Ave, Long Beach, CA 90813
0.08
$2,300,000
19
16
8,818
Recently Sold
1140 Pacific Ave #7, Long Beach, CA 90813
0.12
$416,100
1
2
731
Off Market
1140 Pacific Ave #16, Long Beach, CA 90813
0.12
$398,600
1
1.5
731
Off Market
1140 Pacific Ave #19, Long Beach, CA 90813
0.12
$399,000
2
2
869
For Sale
1140 Pacific Ave #22, Long Beach, CA 90813
0.12
$406,800
1
2
731
Off Market
1140 Pacific Ave #30, Long Beach, CA 90813
0.12
$407,700
2
2
869
Off Market

Price and Tax history

DateEventPrice
Sep 3, 2026
Source: CRMLS #PW26180162
PriceChange
$2,530,000
Price decreased by 0%
Sep 1, 2026
Source: CRMLS #PW26180162
PriceChange
$2,540,000
Price decreased by 0%
Aug 18, 2026
Source: CRMLS #PW26180162
Listed For Sale
$2,550,000
Jun 21, 2023
Source: Zillow Rentals
ListingRemoved
May 31, 2023
Source: Zillow Rentals
Listed For Rent
$2,200

LGBTQ Local Legal Protections

Robert Stepp, Keller Williams Realty Downey
Agent Phone: (310) 463-2916
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 2026-09-04 00:45:48 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

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Frequently asked questions about 1123 Cedar Ave

  • What is the estimated monthly payment for 1123 Cedar Ave?
    Based on a $2,530,000 list price with 20% down at today's rates, the estimated monthly payment for 1123 Cedar Ave in Long Beach, CA is approximately $15,794 (about $13,231 principal & interest, $2,488 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 1123 Cedar Ave compare to homes in Long Beach?
    1123 Cedar Ave in Long Beach, CA is listed at $2,530,000, about 209% above the $818K median sale price in Long Beach.
  • What do residents say about the Willmore City neighborhood?
    Residents describe the Willmore City neighborhood in Long Beach, CA as pedestrian-friendly, dog-friendly, and walkable to restaurants. See homes for sale in Willmore City, Long Beach.
  • What are the closest schools to 1123 Cedar Ave?
    The closest schools to 1123 Cedar Ave in Long Beach, CA are Cabrillo High School (rated 3/10), International Elementary School (rated 5/10), Washington Middle School (rated 4/10).
  • Does 1123 Cedar Ave have laundry facilities?
    Yes, 1123 Cedar Ave in Long Beach, CA has laundry facilities.
1123 Cedar Ave, Long Beach, CA 90813 is a 17 bedroom, 11 bathroom, 8,348 sqft multi-family built in 1964. 1123 Cedar Ave is located in Willmore City, Long Beach. This property is currently available for sale and was listed by CRMLS on Aug 18, 2026. The MLS # for this home is MLS# PW26180162.