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    Property profile & analytics

    1220 Cedar Ave Long Beach, CA 90813-3014

    • Apartment buildings
    • 5,324 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Sep 23, 2020
    $1,900,019
    Value Estimations
    $1,855,000
    Show details
    Cap Rate Potential
    6%
    Apartment buildings
    Location Intelligence
    Property ID
    US10-0446766
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1220 Cedar Ave

    Year built
    1921
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    5,324 SF
    Zone code
    LBPD10
    Property type
    Apartment buildings
    APN
    7272-001-010
    APU
    7272001010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,870,000
      ML approach
      $1,880,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,880,000
      6.5%
      $1,735,000
      7%
      $1,610,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,705,000
      Market price range: $846k - $1.71M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.195
    Latitude
    33.7818
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $26,445
    $1,310,591
    $706,303
    $2,016,894
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $265,000
      0.17 Acres

      Long Beach, CA 90813

      APARTMENT HOUSE (5+ UNITS) • 0.17 Acres
      Long Beach, CA 90813
      View Details
    • Value Estimation
      $315,000
      8,340 SF

      931 Lime Ave

      APARTMENT HOUSE (5+ UNITS) • 8,340 SF
      931 Lime Ave, Long Beach, CA 90813-4697
      View Details
    • Value Estimation
      $305,000
      4,030 SF

      1225 Linden Ave

      APARTMENT HOUSE (5+ UNITS) • 4,030 SF
      1225 Linden Ave, Long Beach, CA 90813-3328
      View Details
    • Value Estimation
      $365,000
      7,621 SF

      1120 Linden Ave

      APARTMENT HOUSE (5+ UNITS) • 7,621 SF
      1120 Linden Ave, Long Beach, CA 90813-3362
      View Details
    • Value Estimation
      $260,000
      5,224 SF

      1573 Locust Ave

      APARTMENT HOUSE (5+ UNITS) • 5,224 SF
      1573 Locust Ave, Long Beach, CA 90813-1864
      View Details
    • Value Estimation
      $475,000
      16,460 SF

      1549 Locust Ave

      APARTMENT HOUSE (5+ UNITS) • 16,460 SF
      1549 Locust Ave, Long Beach, CA 90813-1883
      View Details

    Similar Nearby for Sale

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      6,540 SF

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      18-Unit Apartment Building, High ROI
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      Long Beach Multifamily Investment Property

      Six-unit multifamily property in Long Beach with rental upside.
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    • $1,495,000
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      Six-Unit Multifamily Property in Long Beach

      Six-unit property with new ADUs near Downtown Long Beach.
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      View Details
    • $1,300,000
      2,700 SF

      Multifamily Investment in Long Beach

      Five-unit income property in Long Beach with strong cash flow.
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      View Details
    • $2,095,000
      6,922 SF

      Long Beach Multifamily Investment Opportunity

      High-yield, 10-unit property with significant upside potential in Long Beach.
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    • New
      $1,450,000
      3,714 SF

      Long Beach Multifamily Investment Opportunity

      Eight-unit apartment building in Long Beach, not subject to local rent control.
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    Similar Nearby for Lease

    • $2,200 /Mo

      Long Beach Apartment For Rent

      Two-bedroom, one-bath apartment in downtown Long Beach with garage.
      1500 Magnolia Ave, Long Beach, CA 90813
      View Details
    • Contact for pricing
      94,328 SF

      New Warehouse Buildings Near Freeway

      New industrial facility near 710 Freeway, Long Beach ports.
      1615-1617 San Francisco Ave, Long Beach, CA 90813
      View Details
    • Contact for pricing
      25,625 SF

      Concrete Yard with Building

      Concrete yard with a 3,500 SF building for rent.
      1632 W 15Th St, Long Beach, CA 90813
      View Details
    • $1,950,000
      4,968 SF

      Long Beach Freestanding Industrial Building

      Freestanding industrial building with 30' clear height and crane.
      1600 Seabright Ave, Long Beach, CA 90813
      View Details
    • Contact for pricing
      2,478 SF

      Warehouse with Secured Yard Space

      2,478 SF warehouse with flexible layout and secured yard.
      1600 W Anaheim St, Long Beach, CA 90813
      View Details
    • $0.85 SF/Yr
      10,315 SF

      Long Beach Industrial Warehouse

      Industrial warehouse with office space and fenced yard for lease.
      2120 W 15Th St, Long Beach, CA 90813
      View Details
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    1220 Cedar Ave
    Long Beach, CA 90813-3014
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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