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Listed by Tyler Leeson, DRE #01451551 • Marcus & Millichap RE Invest
$ 2,525,000
Est. payment /mo
Active
2059 Cedar AVE Long Beach, CA 90806
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26199545
Year Built 1931
Source California Regional MLS
Property Description
2059 Cedar Avenue is a 14-unit multifamily property located in Long Beach, California. Built in 1931, 2059 Cedar Avenue features distinctive Spanish Revival-style architecture characterized by its stucco exterior, clay tile roof, arched openings and period architectural detailing. The 2-story property features a unit mix of 6 studios and 8 1-bed/1-bath units totaling approximately 9,399 rentable square feet. Residents enter through a controlled-access main entrance that opens to an interior hallway system serving the individual residences, a layout characteristic of apartment buildings from this era. The property offers several amenities that provide value to both residents and ownership. An on-site laundry facility gives residents the convenience of laundry within the building while generating additional property income. The 4 garage parking spaces are particularly valuable in Long Beach's dense residential environment, providing residents with dedicated off-street parking while also enhancing the property's rental income. Current ownership reports copper plumbing and electrical improvements, along with updates to kitchens and bathrooms throughout the property. Units have also received various improvements as they have turned over through the years, with stainless-steel applianc
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Laundry Community Facility
Exterior
Garage Spaces 4.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 7209025018
Special Listing Condition Not Applicable
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