2015 Cedar Ave, Long Beach, CA 90806
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2015 Cedar Ave, Long Beach, CA 90806
2015 Cedar Ave, Long Beach, CA 90806
2015 Cedar Ave, Long Beach, CA 90806
2015 Cedar Ave, Long Beach, CA 90806
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Georgette Solano

Georgette Solano

+1(562) 222-5847
$ 2,045,000
Est. payment /mo
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Active Under Contract

2015 Cedar Ave Long Beach, CA 90806

6,372 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID NP26204608

HOA Y/N No

Year Built 1956

Lot Size 6,372 Sqft

Property Sub-Type Mixed Use

Property Description

Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the South 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. Recent improvements include an updated roof, electrical system, and unit interior renovations allowing for an investor to acquire a low maintenance building in a strong rental location. With rents slightly below market, this asset provides immediate cash-flow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 6

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7209025023

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Ryan Pratt Skyline Commercial Real Estate 714-767-7039, DRE #02179841

NEARBY SCHOOLS & PROPERTIES

Georgette Solano

Georgette Solano

Broker Associate License ID: 01817587

+1(562) 222-5847

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