$2,195,000

1415 Cedar Avenue

Long Beach CA, 90813

Description

Pleased to present 1415 Cedar Ave, a ten-unit apartment building in Long Beach, California. Located just outside of Downtown Long Beach with proximity to the A Line (22-mile light rail line), Pacific Coast Highway and the 405 & 710 freeways. The asset boasts a 86 walk score providing tenants access to a variety of popular dining, retail, entertainment options and high-paying employment opportunities.The subject property is a two-story apartment building built in 1949. The ten-unit apartment building is comprised of five (5) two-bed/one-bath, three (3) one-bed/one-bath and two (2) studio/one-bath spacious units totaling 6,922 square feet. The building offers amenities including secure gated access, five (5) garages, on-site laundry and all units are separately metered for gas & electricity. Recent capital improvements include, but are not limited to, copper plumbing, updated electrical, roof, paint, ceramic tile floors, counter tops and appliances .1415 Cedar Avenue provides an investor with the opportunity to own an asset in one of the most desired rental neighborhoods and fastest growing markets in Southern California. The asset offers strong in-place income and has over 25% potential upside in rents.

Details

MLS#SB20220336
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1949
Days On Site138

Features

SQ Feet6,922
Garage5
Story(s)2
Acreage0.15
Water FrontNo
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Area Information
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area4 - Downtown Area, Alamitos Beach
Community NameDowntown (DT)
Listing VS Median (in Downtown (DT))
Price:
$2,195,000
low | high
Med:
$282,000
100% of Average
SqFt:
6,922
low | high
Med:
554
100% of Average
$ / SqFt:
$317
low | high
Med:
$509
10.522684473245% of Average
On Site:
138
low | high
Med:
80
100% of Average
Sourced by Back At You
Listing Updated: February 9, 2021 11:07:24 AM PST
Christopher Van Vuuren LogoMLS Number: SB20220336
Listing Provided By:
Christopher Van Vuuren  of  Lyon Stahl Investment Real Estate Inc.
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