$1,275,000
1044 Cedar Avenue, Long Beach 90813
12
Beds
7
Baths
7,451
Lot Size
6
# Of Units
Listing Agent
Terry Mccarty - Coldwell Banker Realty***Just reduced by $220,000***6.8% Cap Rate***SIX unit building just north of Downtown Long Beach. Property consists of a 4 bed 2 bath Craftsman single family home in front, and a rear building with 5 additional units (TWO 2bed 1 bath units, TWO 1 bed 1 bath units, and ONE non-conforming 2 bed 1 bath basement apartment). Amenities include on-site parking, on-site laundry for extra income, and an upstairs observation deck with 360-degree views of the San Gabriel Mountains, the Downtown skyline, and Palos Verdes Peninsula. All tenants are long-term multiple-year occupants on month-to-month rental contracts. These extremely well-performing units are all month to month with wonderful long-term tenants, a 6.8% Cap rate and tons of growth potential!
Facts & Features
| MLS® # | OC23184659 |
|---|---|
| Price | $1,275,000 |
| Bedrooms | 12 |
| Bathrooms | 7.00 |
| Lot Size | 7,451 |
| Year Built | 1915 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Craftsman |
| Status | Active |
| # Of Units | 6 |
Community Information
| Address | 1044 Cedar Avenue |
|---|---|
| Area | 4 - Downtown Area, Alamitos Beach |
| Subdivision | Other |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90813 |
Amenities
| Utilities | Cable Available, Electricity Connected, Sewer Connected, Water Connected, Natural Gas Connected |
|---|---|
| Parking | Concrete, Driveway, On Site, Private |
| Garages | Concrete, Driveway, On Site, Private |
| View | City Lights |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | Living Room |
| # of Stories | 2 |
Exterior
| Lot Description | Back Yard, Front Yard, Level |
|---|---|
| Roof | Composition |
Additional Information
| Date Listed | October 3rd, 2023 |
|---|---|
| Days on Market | 216 |
| Zoning | LBPD10 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Terry Mccarty |
|---|---|
| Office | Coldwell Banker Realty |