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2011 Cedar Ave
For Sale $1,675,000
$1,675,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 6,276 Sq Ft
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,675,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 5 spots |
| Year Built | 1944 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7209025024 |
| MLS # | SB24182456 |
| Property ID | 320825064 |
| Lot Sqft | 6,276 |
| Zoning | LBR2N |
| Total Units | 6 |
| Days on Market | 45 |
| Original List Price | $1,675,000 |
| Date Updated | October 01, 2024 |
| Date Created | September 03, 2024 |
Listing Provided By
Cameron Samimi an agent of . Lic #02035763
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of October 01, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT