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Listed by Tyler Leeson, DRE #01451551 • Marcus & Millichap RE Invest
$ 2,900,000
Est. payment /mo
Contingent
820 Cedar AVE Long Beach, CA 90813
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CROC26203758
Year Built 1928
Source California Regional MLS
Property Description
820 Cedar Avenue is a 16-unit multifamily investment property located in Long Beach, California. 820 Cedar Avenue was built in 1928 and features a unit mix of 12 studios and 4 1-bedroom/1-bath units across approximately 10,584 square feet of net rentable area. The controlled-access property features interior hallways leading to the residences, an on-site laundry facility and 6 garage parking spaces. The laundry facility provides a convenient tenant amenity and ancillary income stream, while the garage spaces offer additional parking utility and revenue potential. The property has undergone substantial interior and building-system improvements. Ownership reports that all units feature new kitchens and bathrooms, with 14 of the 16 units taken down to the studs. Ownership also upgraded the property's plumbing to copper, while electrical subpanels were upgraded in 13 of the 16 units. 820 Cedar Avenue is located near Downtown Long Beach and a short distance from the East Village Arts District, providing residents with convenient access to dining, entertainment and employment destinations throughout the city. The property is also near Shoreline Marina, the waterfront and the city's beaches, while nearby I-710 provides connectivity throughout the region. The Ports of Long Beach and Los
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry Community Facility
Exterior
Garage Spaces 6.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 7272013014
Special Listing Condition Not Applicable , Accepting Backups
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