$1,675,000
- Beds
- Unknown
- sq ft
- 5,261
2011 Cedar Ave, Long Beach, CA 90806
2011 Cedar Ave
Long Beach, CA 90806
- 23 days on market
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.
Details
Property type
Apartment
Lot size
6,276 sq ft
Price per sq ft
$319
Year built
1944
Price History
09/05/2024
CRMLS #SB24182456
Listed
$1,675,000
Schools & Community
Neighborhood:
Wrigley
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/27/2024 at 5:20 PM
Listing updated: 09/23/2024 at 3:20 PM
Listed by: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. Phone #: (310) 425-9838
MLS: CRMLS #SB24182456
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