tomo logo

$4,325,000

Beds
Unknown
sq ft
10,150

338 Cedar Ave, Long Beach, CA 90802

338 Cedar Ave

Long Beach, CA 90802

  • 361 days on market
    • Price drop $175,000↓
338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 10.98 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers.The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.

Details

Property type

Mixed Use

Est. home value

$4,880,704

Lot size

7,503 sq ft

Price per sq ft

$427

Year built

1918

Price History

06/26/2024
CRMLS

CRMLS #PW23183991

Price change
$4,325,000
-3.89%
10/03/2023
CRMLS

CRMLS #PW23183991

Listed
$4,500,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

World S/L

Loan start date

August 1996

Original loan amount

$360,000

Est. remaining balance

Not provided

Interest rate

8.14%

Loan type

Commercial

Seller

Thomas J Geiger and Mary E Geiger

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/27/2024 at 7:20 PM

Listing updated: 08/30/2024 at 9:35 AM

Listed by: Robert Stepp, Keller Williams - Santa Monica Phone #: (310) 482-2200

MLS: CRMLS #PW23183991

CRMLS logo

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