For Sale
$7,995
87 Rivo Alto Canal, Long Beach, CA 90803
Studio
3 ba
Long Beach
Listed by Equity Brokers
For Sale
1 of 3
Photo 1
$2,000,000
2015 Cedar Ave, Long Beach, CA, 90806
2015 Cedar Ave, Long Beach, CA, 90806
3 baths
multi family
About this home
Multi Family in Long Beach, CA - Bedrooms: 0 - Bathrooms: 3 - Area: N/A - Year Built: 1956 - Lot: 6373 sqft
Listing Agent: Ryan Pratt Brokerage: Skyline Commercial Real Estate
Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the 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. With rents slightly below market, the asset provides stable cashflow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.
Property facts
Property type
multi family
Bathrooms
3
Year built
1956
Days on market
183 days
Features & amenities
Features & finishes
Laundry Features: Community
Full Bathrooms: 3
Additional Parcels: No
Land Lease: No
Lot Description: 6-10 Units/Acre
Lot Size Acres: 0.1463
Lot Size Source: Public Records
Lot Size Square Feet: 6375
Garage Spaces: 6
Parking Total: 6
Gross Income: 182700
Gross Scheduled Income: 182700
Vacancy Allowance: 5481
Rent Control: No
Number of Units: 10
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 2
Unit-1 Furnished Description: Unfurnished
Unit-2 Furnished Description: Unfurnished
Unit 1 Total Actual Rent: 1364
Unit 2 Total Actual Rent: 1800
Community Features: Sidewalks
Street Lights
Source Listing Status: Active Under Contract
County: Los Angeles
Cap Rate: 6.43
Source Property Type: Residential Income
Area: 5 - Wrigley Area
Source Neighborhood: Wrigley Area (WR)
Number of Separate Electric Meters: 10
Number of Separate Gas Meters: 10
Number of Separ
Location
Approximate location · exact address shared on inquiry
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Contact agent
SC
Skyline Commercial Real Estate
Contact this agent