SoldJul 31, 2024

Listed by Terry McCarty

, 

Bought with Angela Costello

Source: San Diego MLS #OC24127338

1044 Cedar Ave, Long Beach, CA, 90813

$1,150,000

9
5
0.17 ac.

MultiFam

•

8 days on the market

Sold: Jul 31, 2024

What's around 1044 Cedar Ave

About this property

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!

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