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$3,949,753
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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.
Full Property Details
Full Property Details for 338 Cedar Ave
General
- Sold For: $3,949,753
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW23183991
- Added to Site: 836 day(s) ago
Rooms
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
Location
- Area: 4 - Downtown Area, Alamitos Beach
- County: Los Angeles
- Development Name: 4 - Downtown Area, Alamitos Beach
- Driving Directions: Pacific Ave & Cedar Ave
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Electric Meters: 17
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 10,150
- Year Built: 1918
Lot Features
- Lot Size (Acres): 0.1722
- Lot Size Source: Assessor
- Zoning: LBPD30
- Lot Description: 16-20 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $389.14
- Price Per Unit: 254412
Listed and Sold by Keller Williams Realty Downey, Robert Stepp
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Schools
Schools serving 338 Cedar Ave
School District:Long Beach Unified School District
| Name | Grades | Distance |
|---|---|---|
Chavez Elementary School, Long Beach, CA 730 West 3rd Street, Long Beach, CA 90802 | K-5 | 0.4 mi |
Washington Middle School, Long Beach, CA 1450 Cedar Avenue, Long Beach, CA 90813 | 6-8 | 1 mi |
Cabrillo High School, Long Beach, CA 2001 Santa Fe Avenue, Long Beach, CA 90810 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 338 Cedar Ave
Date
Details
Price
Change
Source
7/29/2025
Sold
$3,949,753
-8.68%
MLS
6/26/2024
Price Reduced
$4,325,000
-3.89%
MLS
11/06/2023
Price Reduced
$4,500,000
-5.26%
MLS
10/03/2023
Listed
$4,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
338 Cedar Avenue, Long Beach, CA 90802 (MLS# PW23183991) is a Multi-Family property that was sold at $3,949,753 on July 29, 2025. Want to learn more about 338 Cedar Avenue? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.

