1035 Cedar Ave | Long Beach, CA 90813
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- LoopNet Team
1035 Cedar Ave
Long Beach, CA 90813
Multifamily Property For Sale · 7 Units
Investment Highlights
- Significant Rental Upside Potential (+/-47%)
- Possibility to Increase NOI by Converting Building to Separate Meters
- One Large Garage Provides the Opportunity for Buyer to Increase Gross Income by $19,200 with the Addition of an ADU (Buyer to Verify)
- Up & Coming Willmore City Historic District Location; Close Proximity to Downtown Long Beach
PROPERTY FACTS
| No. Units | 7 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 4,141 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low Rise | Year Built | 1935 |
| Building Class | C | Parking Ratio | 0.48/1,000 SF |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,141 SF |
| No. Stories | 1 |
| Year Built | 1935 |
| Parking Ratio | 0.48/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $680.00 | 375 - 425 |
| 1+1 | 3 | $1,205 | 500 |
| 2+1 | 1 | $1,155 | 841 |
| 3+2 | 1 | $1,680 | 1,000 |
PROPERTY TAXES
| Parcel Number | 7272-006-013 | Improvements Assessment | $459,000 |
| Land Assessment | $663,000 | Total Assessment | $1,122,000 |
PROPERTY TAXES
Parcel Number
7272-006-013
Land Assessment
$663,000
Improvements Assessment
$459,000
Total Assessment
$1,122,000
zoning
| Zoning Code | PD10, Long Beach |
| PD10, Long Beach |
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