2552 & 2560 Cedar Ave. is an excellent investment opportunity in the North Wrigley area of Long Beach. The subject property consists of 7 units on two separate parcels (5,273 SF + 6,548 SF = Totaling 11,821 Lot SF). 2552 Cedar Ave. is a 5 unit property (former Harvey Line Motel) and is comprised of a two story townhouse style 2bd/1bth unit with a large basement (recently vacated and will delivered vacant), and (4) studio units. 2560 Cedar Ave. consists of a two unit two story structure located at the rear of lot, comprised of (1) 1bd/1bth unit, and (1) studio unit. The 2560 Cedar Ave. parcel is primarily all land which allows a potential buyer the opportunity to build 2-3 additional units. There are 6 single car garages on the property. Rents are extremely, extremely, extremely low and property is in need of upgrades and improvements. Two electric meters, one for each property, owner pays electricity. Priced to sell at $185,000 per unit. Don't miss this great investment opportunity.
Based on information from California Regional Multiple Listing Service, Inc. as of February 25th, 2021 at 4:56am PST. 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.