2015 Cedar Ave, Long Beach, CA, 90806
Property Details
3
multi family
Description
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.
Location
Address
2015 Cedar Ave, Long Beach, CA, 90806
City
Long Beach
Features and 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
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