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Back to search Home Countries United States Long Beach 2015 Cedar Ave, Long Beach, CA, 90806
$2,000,000

2015 Cedar Ave, Long Beach, CA, 90806

2015 Cedar Ave, Long Beach, CA, 90806
3 baths multi family

Property facts

Property type
multi family
Bathrooms
3
Lot size
6373 sqft

Only details supplied with this listing are shown. Ask the listing contact to confirm measurements, taxes and costs.

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.

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

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Listing information

Original source
www.realtor.com
Listing / MLS reference
NP26018192
Added to Mirror

Added and updated dates describe the Mirror record. Source publication and verification dates are shown separately when known; none establishes time on market. Confirm current price and availability with the listing contact.

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