Basics Details
- Date added: Added 2 days ago
- Type: MultiFamily
- Building Area:
- Lot size, sq ft:
- Zoning:
- # Of Units:
Description
-
Description:
Great income at 9% cap rate! Beautiful Craftsmen Available in Downtown Long Beach! Discover an exceptional investment opportunity at 833
Cedar Avenue, a prominent 8-unit apartment building located in the heart of Long Beach. This unique multifamily property, just 5 minutes from the
beach, boasts two buildings with a total of 6,494 square feet situated on a generous 7,506 square foot lot, offering significant rental income
potential. Recent upgrades enhance this property's appeal, including 100% new plumbing installed three to four years ago and new vinyl windows
throughout. The conversion to electric heaters means tenants now cover their own heating costs, as they pay for electricity. Strategically zoned
LBPD10, this property benefits from one of Long Beach's most desirable and flexible planning districts, allowing for higher density development.
This prime location provides residents with excellent access to downtown Long Beach amenities, including diverse dining, entertainment,
shopping, and public transportation options. With its robust unit count, considerable square footage, advantageous zoning, and recent
improvements, 833 Cedar Avenue is an ideal acquisition for investors seeking a strong performing asset with potential for future upside in a
dynamic Long Beach market.
Show all description
Organisation Name
- Courtesy of:
Energy diagnostics
- Energy Efficiency Class:
- Greenhouse gas emission class (GHG):
