1467 Cedar Ave - Apartments FOR SALE
Long Beach, CA 90813 |
$2,562,000 USD
949-725-8519
1467 Cedar Ave
Long Beach, CA 90813
HIGHLIGHTS
- Value-Add Opportunity - Current Rents are Approx. 32% Below Market Level
- Located in an Opportunity Zone
- ADU Opportunity - Option to Convert Existing Garage into Additional Unit(s)
- One- & Two-Bedroom Units
- Desirable Long Beach Location (Walk Score: 84) - Less than 2-Miles from the Beach & Downtown Long Beach
FOR SALE DETAILS
PRICE
$2,562,000 USD
PRICE/SF
$381 USD /SF
# OF UNITS
12
PRICE/UNIT
$213,500
CAP RATE
5.76%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1963
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.17 AC
LAND SF
7,405 SF
ZONING
LBR4N
APN/PARCEL ID
7269-041-012
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949-725-8519
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949-725-8519
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