1217 Cedar Avenue, Long Beach
Long Beach Home For Sale
10.8 GRM and 5.9% CAP on actual rents with upside to 6.3% CAP. PRICED TO SELL.14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. The property is professionally managed and well maintained. Some units have updated kitchens, baths and flooring. The property also just received updated landscaping and paint. The building features and excellent unit mix for the area and is located blocks from $8BB worth of redevelopment in the Down Town Long Beach area. There is no onsite parking but there is onsite laundry. The electrical is Siemens - it's a 200 AMP main panel with 30 AMP subpanels (Buyer to verify). EMAIL LA FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND ACTUAL EXPENSES.
Property Details
Additional Information
-
- City:
- Long Beach
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- County:
- Los Angeles
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- Zip:
- 90813
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- MLS® #:
- 24385989
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- Bedrooms:
- 1
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- Bathrooms:
- 2
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- Square Ft:
- 8,086
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- Lot Size:
- 0.16
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- Levels:
- Multi/Split
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- HOA Dues:
- $
Price Change History for 1217 Cedar Avenue, Long Beach, (MLS® #24385989)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $2,749,000 | $46,000 (1.65%) | |
| Price Reduced (from $2,895,000) | $2,795,000 | $100,000 (3.45%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 13th, 2024 at 4:10pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.