Property listed by Skyline Commercial Real Estate, Ryan Pratt 714-767-7039
$1,850,000
Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. With rents… Read More slightly below market, the asset provides stable cashflow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment. Read Less
Listing Snapshot
Days Online
56
Last Updated
Property Type
MixedUse
Lot Size
0.15 Acres
Year Built
1956
MLS Number
NP26018192
Additional Details
Building
Built in 1956, 1 building, 2 stories, Entry level: 1, Entry location: 1
Community
StreetLights, Sidewalks
Expenses
Operating: $44,835
Garage
6 spaces
Income
Gross Income: $176,256, Gross ScheduledIncome: $176,256, Net Operating Income: $57,591
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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