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505 Cedar Avenue 2a, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath

505 Cedar Avenue 2a, Long Beach, California 90802 home-pic-0
ACTIVE$409,000
505 Cedar Avenue 2a, Long Beach, California 90802
2Beds
2Baths
989Sqft
6,759Lot
Year Built
1962
Close
-
List price
$409K
Original List price
$409K
Price/Sqft
$414
HOA
$342
Days on market
-
Sold On
-
MLS number
IV25153715
Home ConditionPoor
Features
ViewNeighborhood

About this home

We found 4 Cons,5 Pros. Rank: price - $409.0K(32th), sqft - 989(62th), beds - 2(50th), baths - 2(52th).

Great opportunity to own and invest in a, 2 bed, 2 bath condo close to a mile from the ocean! This 989 sq ft second-floor unit is located in a highly walkable, bike-friendly area of Long Beach, surrounded by local shops, boutiques, and top-rated restaurants. Enjoy nearby attractions like the waterfront, the Metro Blue Line for easy commuting, and the brand-new Modern Civic Center. With endless activities and strong rental potential, this condo is perfect for investors or buyers looking to customize their own downtown getaway. Ask about qualifying for owner-occupancy credits for high-cost purchase areas! Don’t miss out on this chance to own in one of Long Beach’s charming neighborhoods!

Nearby schools

7/10
International Elementary School
Public,•K-5•0.3mi
5/10
Edison Elementary School
Public,•K-5•0.3mi
7/10
Stevenson Elementary School
Public,•K-5•0.7mi
6/10
Chavez Elementary School
Public,•K-5•0.7mi
7/10
Roosevelt Elementary School
Public,•K-5•1.0mi
7/10
Lincoln Elementary School
Public,•K-5•1.2mi
6/10
Washington Middle School
Public,•6-8•0.8mi
6/10
Franklin Classical Middle School
Public,•6-8•1.0mi
6/10
Polytechnic High School
Public,•9-12•1.1mi
3/10
Cabrillo High School
Public,•9-12•1.8mi

Price History

Date
Event
Price
07/07/25
Sold
$337,000
Condition Rating
Poor
Built in 1962, this property shows significant age and requires substantial rehabilitation. The kitchen is extremely dated with tiled countertops, old electric coil appliances, and worn wooden cabinets, necessitating a complete overhaul. While the bathroom vanity appears to be a more recent, albeit basic, update, the overall condition of the unit, particularly the kitchen, aligns with needing extensive renovation to meet modern standards. The listing description itself implies a need for customization, reinforcing that it is not move-in ready without significant investment.
Pros & Cons

Pros

Exceptional Walkability & Local Amenities: Located in a highly walkable and bike-friendly area, surrounded by local shops, boutiques, and top-rated restaurants, enhancing lifestyle and convenience.
Proximity to Ocean & Waterfront: Situated less than a mile from the ocean and near the waterfront, offering recreational opportunities and coastal appeal.
Strong Investment & Rental Potential: Explicitly highlighted as a 'great opportunity to own and invest' with 'strong rental potential,' appealing to investors.
Excellent Commuter & Civic Access: Easy commuting via the Metro Blue Line and close proximity to the brand-new Modern Civic Center.
Customization Opportunity & Financial Incentives: Offers buyers the chance to customize their unit and potentially qualify for owner-occupancy credits, adding value and financial benefits.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-07-07. The sold price is $337,000.00.
Building Age: Constructed in 1962, the building and unit may require significant updates or renovations to modernize systems and aesthetics, potentially incurring additional costs.
Monthly Association Fees: The $342.0 monthly association fee adds a recurring cost to ownership, which can impact affordability and cash flow.
Implied Need for Renovation: The description's emphasis on 'customize your own downtown getaway' suggests the unit is not fully updated or move-in ready, requiring further investment and effort from the buyer.

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