Platform
Quadruplex
1044 Cedar Avenue, Long Beach, CA, 90813-3010
Sold
$1,150,000
Listed By: Listing Office: Coldwell Banker Realty
Source: California Regional Multiple Listing Service
Sold Date: 2024/07/31
Downtown Long Beach Cedar Ave Apartments. 6 Units consisting of a 1915 Craftsman single family home in front and a 4 unit, 2 story building in back with an approximate 1000 sqft basement (3 rooms plus kitchen, bathroom, laundry) that is currently rented, but not permitted as living space. ***Cap rate sits at 7.6%*** and the property brings in approximately $109,000 per year and the rents are still fairly low! All units are currently rented by long term tenants. This is a fantastic opportunity for any investor to own bread and butter units in a high rental demand area. You will never have a problem filling any vacancy!
MLS® ID OC24127338
UPDATED: 07/31/2024 21:14
Details
Location Details
Formatted Street Address 1044 Cedar Avenue
Subdivision ,Richardson Tract
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Country US
Property Details
Special Listing Conditions Standard
Listing Terms Submit
Interior Details
Levels 2
Laundry Common Area
Building Details
Year Built 1915
Approx Age 111
Stories 2
Water Supply Types Public
Land Details
Lot Size 7453
Acreage 0.17
Irregular No
Lot Description Six To Ten Units Acre, Street Level
Zoning LBPD10
Outdoor Area Six To Ten Units Acre |Street Level
Pool None
Private Pool No
Shoreline No
Sewers Public Sewer, Sewer Tap Paid
Community Features Curbs, Gutters, Storm Drains, Street Lights, Sidewalks, Urban
Property Features
Feature Curbs
Feature Gutters
Feature Storm Drains
Feature Street Lights
Feature Sidewalks
Feature Urban
Other
Status Sold
Location
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