1765 Cedar Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$3,300,000 USD
323-675-7876
1765 Cedar Ave, Long Beach, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/6
null | 5% Cap Rate

1765 Cedar Ave
Long Beach, CA 90813
Downtown Long Beach


OVERVIEW

A rare opportunity to purchase highly sought after 1960's Balcony style apartment units. Tree lined residential block across from a school. Separately metered for electricity & gas. Excellent unit mix consisting of five 2br+1bth, two 2br+2bth, and five 1br+1bth. In place cash flow. Non rent control area. Market rental upside. Value add upside. The building has great curb appeal, visibility, large units with plenty of natural lighting which creates a nice living space atmosphere for residents, on-site laundry, good parking. These features produce a competitive advantage in attracting and maintaining tenants. .

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

12

PRICE/UNIT

$275,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R4R, Long Beach

APN/PARCEL ID

7269-036-005

ASK ABOUT THIS PROPERTY

Rebecca RosenRebecca RosenMore Info
323-675-7876

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Rebecca RosenRebecca RosenMore Info
323-675-7876

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.