1217 Cedar Avenue, Long Beach, CA 90813
-
Listed Price :
$2,749,000
-
Beds :
6
-
Baths :
14
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Property Size :
8,086 sqft
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Year Built :
1929
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 |
6 |
| Bathroom Information |
| Bathrooms |
14 |
| 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 |
| List Price |
$2,749,000 |
| Status |
Hidden |
| Type |
Residential Income |
| Structure Size |
8,086 |
| Lot Size |
7,135 |
| Year Built |
1929 |
Listing information courtesy of: Jonathan Swire, The Agency. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 7:44 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.
