1044 Cedar Avenue Long Beach, CA 90813
Listing Courtesy of: CRMLS / Coldwell Banker Realty / Terrence "Terry" McCarty - Contact:  714-392-2880

  1044 Cedar Avenue Long Beach, CA 90813

Active (208 Days)
$1,275,000

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!

MLS #:
OC23184659
Lot Size
7,451 SQFT
Type
Multifamily
Year Built
1915
Style
Craftsman
Views
City Lights
County
Los Angeles County
Community
,Other

Listed By

Terrence "Terry" McCarty, DRE #01239625 CA, Coldwell Banker Realty, Contact: 714-392-2880
Source
CRMLS
Last checked Apr 28 2024 at 12:31 PM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Laundry Room
  • Laundry: Common Area
  • Ceiling Fan(s)
Subdivision
  • ,other
Lot Information
  • Level
  • Front Yard
  • Back Yard
Property Features
  • Fireplace: Living Room
Exterior Features
  • Roof: Composition
Utility Information
  • Utilities: Water Source: Public, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected, Cable Available
  • Sewer: Public Sewer, Sewer Tap Paid
Parking
  • Private
  • On Site
  • Driveway
  • Concrete
Additional Listing Info
  • Buyer Brokerage Commission: 2.250
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Apr 02, 2024
Price Changed
$1,275,000
-15%
-220,000
Oct 03, 2023
Original Price
$1,495,000
-
-
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.