$1,898,000 - 1605 Cedar Avenue, Long Beach

  • 0Beds
  • Baths
  • 0SQ. Feet
  • 0.17Acres

We are excited to present this new four unit apartment building in the City of Long Beach. This huge fourplex consists of over 5,000 square feet and was originally constructed in 1906. There is an unusual unit mix of three 3 bedroom units and a 5 bedroom 2 bath unit. The current income is almost $12,000 per month. The two story 5 bedroom unit has been remodeled and the rent for that unit is projected at $3,850 per month. The other three units are producing $2,650 per month, each. The structures are situated on a large, 7,554 square foot lot that is zoned LBR4N. There are four, one car garages at the rear of the lot with alley access. With a GRM of only 13.4 and a 5.20 CAP rate, this one is priced to sell. Please do not walk on property or disturb tenants. Please make offers subject to inspection and provide proof of funds with your offers.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:21794520
  • Price:$1,898,000
  • Bathrooms:0.00
  • Acres:0.17
  • Year Built:1906
  • Type:Residential Income
  • Style:Spanish
  • Status:Active

Community Information

  • Address:1605 Cedar Avenue
  • Area:4 - Downtown Area, Alamitos Beach
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813

Amenities

  • Parking Spaces:4
  • Parking:Garage
  • Garages:Garage
  • View:None

Interior

  • Heating:Wall Furnace
  • Cooling:None
  • # of Stories:2

Additional Information

  • Date Listed:October 26th, 2021
  • Days on Market:206
  • Zoning:LBR4N
  • HOA Fees:0.00

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Provided By: Jerome Mcalpin, McAlpin & Company.

Based on information from California Regional Multiple Listing Service, Inc. as of May 21st, 2022 at 7:43pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.