2552 Cedar Avenue, Long Beach

$1,295,000

0 Beds
0 Baths
3,447 Sqft
11,821 Lot Sqft
6 Garages

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.

Essential Information
MLS® #PW21009509
Price$1,295,000
Bathrooms0.00
Square Footage3,447
Lot Sqft11,821
Acres0.27
Year Built1937
TypeResidential Income
StatusActive Under Contract
No of Units7
Community Information
Address2552 Cedar Avenue
AreaWrigley Area (5)
SubdivisionWrigley Area (WR)
CityLong Beach
CountyLos Angeles
StateCA
Zip Code90806
Amenities
Parking Spaces6
# of Garages6
Interior
AppliancesNone
Exterior
Lot DescriptionLot 10000-19999 Sqft, Yard
Additional Information
Date ListedJanuary 15th, 2021
Days on Market40
ZoningLBR1N
Listing Details
AgentSpencer Pabst(01849377)
OfficePabst, Kinney & Associates
Property History
Status Changed from Active to Active Under Contract
LISTING MAP

Get directions to this property:

Properties for Sale Similar to 2552 Cedar Avenue, Long Beach, CA

Photo of Listing #21692780

232 E 21st Street, Long Beach

$1,100,000 - 3,996 Sf

MLS® # 21692780

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.

Sign up for email updates