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Listed by Ryan Pratt, DRE #02179841 • Skyline Commercial Real Estate
$ 1,980,000
Est. payment /mo
Price Dropped by $65K
2015 Cedar Ave Long Beach, CA 90806
6,375 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNP26204608
Year Built 1956
Lot Size 6,375 Sqft
Source California Regional MLS
Property Description
Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the South Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. Recent improvements include an updated roof, electrical system, and unit interior renovations allowing for an investor to acquire a low maintenance building in a strong rental location. With rents slightly below market, this asset provides immediate cash-flow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Laundry Laundry Area, Washer/Dryer - Owned
Exterior
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 7209025023
Special Listing Condition Not Applicable
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