1044 Cedar Avenue
Long Beach, CA 90813
0.17 acres | #OC23184659
Description
***Just reduced***7.38% 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!
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Terry McCarty (#SMCCATER)
Listing Office: Coldwell Banker Realty (#OC06716)
