1044 Cedar Avenue,
Home For Sale
***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!
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90813
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- MLS® #:
- OC23184659
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- Bedrooms:
- 10
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- Lot Size:
- 0.17
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- Neighborhood:
- LONG BEACH (90813)
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Listing information last updated on May 16th, 2024 at 10:49am PDT.