1217 Cedar Ave
Long Beach,
CA
90813
Property Details
List Price: |
$2,795,000 |
Beds: |
6 |
Baths: |
-- |
Status: |
Active |
SqFt: |
8086 |
Agency: |
The Agency |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1929 |
Notes: |
$100K PRICE REDUCTION. PRICED TO SELL. 11X GRM AND 5.8% CAP WITH UPSIDE TO 6.2% CAP. 14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. The property is professionally managed and well maintained. Some units have updated kitchens, baths and flooring. The property also just received updated landscaping and paint. The building features and excellent unit mix for the area and is located blocks from $8BB worth of redevelopment in the Down Town Long Beach area. There is no onsite parking but there is onsite laundry. The electrical is Siemens - it's a 200 AMP main panel with 30 AMP subpanels (Buyer to verify). EMAIL LA FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND ACTUAL EXPENSES. |
MlsNumber: |
24-385989 |
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Listing Provided By: |
The Agency, original listing |
Name: |
The Agency |
Phone: |
(424) 230-3700 |
Office Name: |
The Agency |
Office Phone: |
(424) 230-3700 |
Agent Name: |
Jonathan Swire |
Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |