1217 Cedar Avenue

Long Beach, CA 90813

$2,749,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $339 / sqft

1929

calendar_month Built

Property Description

10.8 GRM and 5.9% CAP on actual rents with upside to 6.3% CAP. PRICED TO SELL.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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type None

Listing Information

Address 1217 Cedar Avenue
City Long Beach
State CA
Zip 90813
County Los Angeles
Listing Agent Jonathan Swire DRE#01336277
Courtesy Of The Agency
MLS 24385989
List Price $2,749,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 7,135
Year Built 1929
DOM 63

Exterior Information

Maps

Listing information courtesy of: Jonathan Swire, The Agency . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 25th, 2024 at 2:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.