1044 Cedar Avenue
Long Beach, CA 90813
0.17 acres | #OC24127338
Description
Downtown Long Beach Cedar Ave Apartments. 6 Units consisting of a 1915 Craftsman single family home in front and a 4 unit, 2 story building in back with an approximate 1000 sqft basement (3 rooms plus kitchen, bathroom, laundry) that is currently rented, but not permitted as living space. ***Cap rate sits at 7.6%*** and the property brings in approximately $109,000 per year and the rents are still fairly low! All units are currently rented by long term tenants. This is a fantastic opportunity for any investor to own bread and butter units in a high rental demand area. You will never have a problem filling any vacancy!
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Terry McCarty (#SMCCATER)
Listing Office: Coldwell Banker Realty (#OC06716)
Listing Courtesy (Buyer)
Buyer's Agent: Angela Costello (#CV39989)
