1969 Cedar Avenue

    Long Beach, CA 90806
    • $1,825,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: PW18252269
    UPDATED: 56 min ago
    $1,825,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,886
      SQFT
    • $310
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Stepp Commercial is pleased to present 1969 Cedar Avenue, a turnkey six-unit multifamily asset in the South Wrigley neighborhood of Long Beach California, just minutes from Downtown Long Beach. The property is comprised of two buildings: a two-bedroom/one-bath house with a large private patio in the rear, and a two-story building with two one-bedroom/one-bath units and three three-bedroom/two-bath units. The property offers A/C in all units and on-site laundry facilities. Parking is available, with four private garages and a long driveway along the front house to accommodate multiple cars. Recent renovations include a new roof on the rear building, upgraded electrical systems, mostly upgraded plumbing and replacement of most water heaters. Exterior improvements include fresh new paint and attractive, low-maintenance landscaping. 1969 Cedar Avenue provides investors the opportunity to own a turnkey asset in a Downtown-adjacent neighborhood.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T23:28:55.467. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88625804

    1969 Cedar Avenue Long Beach, CA 90806

    • Price: $1,825,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: PW18252269
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,886
    SQFT
    $310
    $/SQFT
    1955
    Built
    Neighborhood:
    Wrigley Area (Wr)
    County:
    Los Angeles
    Area:
    5 - Wrigley Area
    Property Description
    Stepp Commercial is pleased to present 1969 Cedar Avenue, a turnkey six-unit multifamily asset in the South Wrigley neighborhood of Long Beach California, just minutes from Downtown Long Beach. The property is comprised of two buildings: a two-bedroom/one-bath house with a large private patio in the rear, and a two-story building with two one-bedroom/one-bath units and three three-bedroom/two-bath units. The property offers A/C in all units and on-site laundry facilities. Parking is available, with four private garages and a long driveway along the front house to accommodate multiple cars. Recent renovations include a new roof on the rear building, upgraded electrical systems, mostly upgraded plumbing and replacement of most water heaters. Exterior improvements include fresh new paint and attractive, low-maintenance landscaping. 1969 Cedar Avenue provides investors the opportunity to own a turnkey asset in a Downtown-adjacent neighborhood.
    Exterior Features

    Garage Spaces 4.00 Lot Features 6-10 Units/AcreCorner Lot Lot Size Units Square Feet Parking Features Assigned Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksUrban Country Us Electric Expense 825.00 Elevation Units Feet Fuel Expense 825.00 Gardener Expense 600.00 Gross Income 132810.00 Gross Scheduled Income 139800.00 Insurance Expense 2354.00 Land Lease YN No Laundry YN Yes Licenses Expense 500.00 Maintenance Expense 2250.00 Net Operating Income 86101.00 New Construction YN No New Taxes Expense 29514.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 6 Operating Expense 46709.00 Other Expense 1050.00 Other Expense Description Reserves Pest Control Expense 500.00 Professional Management Expense 6641.00 Rent Control YN No Security Features Gated Community Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Wrigley Area (Wr) Tenant Pays ElectricityGas Total Expenses 46709.00 Trash Expense 825.00 Water Sewer Expense 825.00 Water Source Public Zoning Lbr2n

    Listing provided courtesy of Robert Stepp of Keller Williams Pacific Estate and Mark Witsken of Keller Williams-Santa Monica.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T23:28:55.467. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604