419 Cedar Ave - Apartments FOR SALE
Long Beach, CA 90802 |
419 Cedar Ave
Long Beach, CA 90802
HIGHLIGHTS
- Value Add Opportunity - Approximately 25% Upside in Monthly Income
- Walk Score – 96, Bike Score – 86, Transit Score - 74
- Opportunity to Build up to Two (2) ADU’s. Possible Garage Conversion and/or Detached Unit Behind the Current Building (Buyer to verify)
- 5.67% Market Cap Rate & 12.26 GRM at Market Rents (Not Including ADU's)
- (2) On-Site Garage Parking Spaces
- City at the Forefront of Space & Aerospace Industry - Home to Space-X, Virgin Orbit, Spin Launch, Rocket Lab, Relativity Space & ABL Space Systems
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
4600
STORIES
2
YEAR BUILT
1910
PARKING SPACES
2
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
7280-011-019
