1044 Cedar Avenue, Long Beach, CA 90813
-
Listed Price :
$1,275,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1915
Property Description
***Just reduced by $220,000***6.8% Cap Rate***SIX unit building just north of Downtown Long Beach. Property consists of a 4 bed 2 bath Craftsman single family home in front, and a rear building with 5 additional units (TWO 2bed 1 bath units, TWO 1 bed 1 bath units, and ONE non-conforming 2 bed 1 bath basement apartment). Amenities include on-site parking, on-site laundry for extra income, and an upstairs observation deck with 360-degree views of the San Gabriel Mountains, the Downtown skyline, and Palos Verdes Peninsula. All tenants are long-term multiple-year occupants on month-to-month rental contracts. These extremely well-performing units are all month to month with wonderful long-term tenants, a 6.8% Cap rate and tons of growth potential!
Interior Features
Bedroom Information |
Bedrooms |
N/A |
Bathroom Information |
Bathrooms |
N/A |
Interior Information |
Features |
Ceiling Fan(s) |
Cooling Type |
None |
Listing Information
Address |
1044 Cedar Avenue |
City |
Long Beach |
State |
CA |
Zip |
90813 |
County |
Los Angeles |
Listing Agent |
Terry McCarty DRE #01239625 |
Courtesy Of |
Coldwell Banker Realty |
List Price |
$1,275,000 |
Status |
Active |
Type |
Residential Income |
Subtype |
Quadruplex |
Structure Size |
N/A |
Lot Size |
7,451 |
Year Built |
1915 |
Listing information courtesy of: Terry McCarty, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Apr 8th, 2024 at 9:09 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.