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Home For Sale
1217 Cedar Ave
Long Beach, California 90813
Los Angeles CountyCommunity:
$2,795,000
6 br, 0.0 bath
8086 sq. ft.
0.164 acres
$100K PRICE REDUCTION. PRICED TO SELL. 11X GRM AND 5.8% CAP WITH UPSIDE TO 6.2% CAP. 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.
Interior:
- Bedrooms: 6
- Baths: 0.0
- Sq Ft: 8086
- Year Built: 1929
- Utilities:
- Fireplaces:
- Stories: 2
- Heat/AC:
- Garage:
Exterior:
- Lot Size: 0.164 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding:
- Roof:
- MLS #: 24-385989
Contact Information:
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Ad Number: 4924240
Viewed 17 times.
Updated: May 30, 2024
This property is a Home located at 1217 Cedar Ave, Long Beach, California 90813, and is currently For Sale at $2,795,000. This Home has 6 bedrooms, 0.0 baths, 8086 sq ft.
Listing Agent: Jonathan Swire, The Agency, 424-230-3700, 424-230-3700
Listing Site, Listing Status: Active
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
