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$1,898,000
34 Days Online

1605 Cedar Avenue
Long Beach, CA 90813

For Sale|Multi-Family|Active
County:
Los Angeles
Listing Courtesy of Jerome McAlpin with McAlpin & Company

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 562-355-2430
Is this the home for you? We can help make it yours.
562-355-2430
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We are excited to present this new four unit apartment building in the City of Long Beach. This huge fourplex consists of over 5,000 square feet and was originally constructed in 1906. There is an unusual unit mix of three 3 bedroom units and a 5 bedroom 2 bath unit. The current income is almost $12,000 per month. The two story 5 bedroom unit has been remodeled and the rent for that unit is projected at $3,850 per month. The other three units are producing $2,650 per month, each. The structures are situated on a large, 7,554 square foot lot that is zoned LBR4N. There are four, one car garages at the rear of the lot with alley access. With a GRM of only 13.4 and a 5.20 CAP rate, this one is priced to sell. Please do not walk on property or disturb tenants. Please make offers subject to inspection and provide proof of funds with your offers.

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Listing Snapshot
Price 
$1,898,000
Days Online 
34 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,623 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.17 Acres
Year Built 
1906
MLS Number 
21794520
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS
a month agoListing first seen online
General Features
Style 
Spanish
Parking 
Garage
Parking Spaces 
4
Number of Stories 
2
Acreage 
0.17
Attached Garage 
No
Zoning 
LBR4N
Listing Conditions 
Standard
Interior Features
Cooling 
None
Heating 
Wall Furnace
Fireplace 
No
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Exterior Features
View 
None
Spa 
No
Waterfront Property 
No
Community Features
Association Dues 
0
MLS Area 
4 - Downtown Area, Alamitos Beach


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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