$600,000 - 619 Cedar Avenue # 1, 3, 4, Long Beach

  • 1Beds
  • 3Baths
  • 0SQ. Feet
  • 0.17Acres

Discover a prime opportunity in the heart of Downtown Long Beach with this unique offering of three Own-Your-Own units at 619 Cedar Avenue. This bundle includes two studio apartments and a single 1-bedroom unit. Perfectly positioned within walking distance to Pine Avenue's vibrant dining and entertainment scene, and close to metro rail services, these units are primed for solid rental demand. Currently, rents are below market value, offering significant upside potential with a proforma cap rate of 6.5%. Ideal for those looking to capitalize on Long Beach's dynamic rental market, these units present a chance to secure a low-maintenance property with a high return on investment.

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Sales Agent

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

Essential Information

  • MLS® #:OC24078744
  • Price:$600,000
  • Bedrooms:1
  • Bathrooms:3.00
  • Acres:0.17
  • Year Built:1955
  • Type:Residential Income
  • Sub-Type:Own Your Own
  • Status:Active
  • Listing Agent:Mark Kelaidis
  • Listing Office:Pacific Sotheby's Int'l Realty

Community Information

  • Address:619 Cedar Avenue # 1, 3, 4
  • Area:4 - Downtown Area, Alamitos Beach
  • Subdivision:Downtown (DT)
  • City:Long Beach
  • County:Los Angeles
  • Zip Code:90802

Amenities

  • Pool:None

Interior

  • # of Stories:1

Exterior

  • Lot Description:Near Public Transit

Additional Information

  • Date Listed:April 19th, 2024
  • Days on Market:13
  • Zoning:LBPD10
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Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 3:55am 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.