Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

10

Building size

7,226 sqft

Lot size

6,375 sqft

Year built

1956

Stories

2

Garage spaces

6

Pool

None

Status

Active

Days on market

34

MLS #

247266589

About this property

Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the South Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. Recent improvements include an updated roof, electrical system, and unit interior renovations allowing for an investor to acquire a low maintenance building in a strong rental location. With rents slightly below market, this asset provides immediate cash-flow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.

Location

2015 Cedar Ave

Long Beach, Los Angeles, CA, 90806