1024 Cedar Avenue is an 11-unit multifamily investment opportunity located in Downtown Long Beach. With in-place rents approximately 21% below current market levels, the property presents a compelling value-add opportunity and strong potential for rental income growth. The unit mix features (8) 1BD/1BA units, (1) 2BD/1.5BA unit, and (2) 3BD/2BA units, appealing to a wide range of renters and support long-term occupancy. Separate gas and electric meters provide an opportunity for utility passthrough, while onsite laundry facilities generate additional ancillary income. Six garages yield current income, but may also offer ADU potential. (Buyer to verify) Situated in the walkable and transit-friendly location, the property boasts a 92 Walk Score and 80 Bike Score, offering residents easy access to neighborhood retail, dining, and daily convenience, as well as employment opportunities. The nearest Metro Station is just 0.3 miles away, providing a direct connection to major employment hubs throughout the region.