Active
Property Description
True Pride of ownership 6-unit building located at 2011
Cedar Ave, Long Beach. Totaling 5,261 sqft, the subject
property is currently operating at a 5.94% cap rate and
11.38 GRM and is in the desirable Wrigley pocket of Lo ng
Beach. Wrigley attracts families and higher rents and has
a close proximity to transportation and highways for
commuter families.
2011 Cedar has an ideal unit mix of (6) 2Bed+1Bath units.
One unit can be delivered vacant for an owner user or
rented by the new owner to a tenant of their choosing. The
property features on site laundry and parking, allowing for
higher rents. There are 5 enclosed, private garages.
Garages can either be converted to 2 ADU’s or 2 ADU’s
may be built on top of the garages 2 avoid losing any
parking. ADU proforma is included in the OM on page 12.
The subject property is located just outside the $6
Billion of development flooding into Downtown Lon g
Beach, including the Long Beach Civic Center, Long
beach Aquarium, OceanAire Project, CSULB Downto wn
Village, Broadway Block, The Pacific and Queen Mary
Island.
Features
: No
: No
: No
: No
: No
: 5
: No
Address Map
U.S.
California
Los Angeles
Long Beach
90806
2011 Cedar Avenue
0
W119° 48' 17.6''
N33° 47' 37.6''
MLS Addon
$0
5,261 Sqft
: No
: No
6
0
Off of Pacific Coast Hwy and Pacific Ave
5
: No
2
Residential Income For Sale Long Beach
2011 Cedar Avenue, Long Beach, Los Angeles, California, 90806
6,276 Acre
Visits : 10 in 20 days
$1,675,000
Listing ID #SB24182456
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : SB24182456
Price : $1,675,000
Year Built : 1944
Lot Area : 6,276 Acre
Status : Active
Property Sub Type : Apartment
Agent info
Damian M. Ramirez
- View website
- (714) 292-7224
- (714) 292-7224
- (800) 243-0149
- 01974515
- 1213238
- PWDAMRA
Broker
A level-headed and composed professional.
Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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