1044 Cedar Avenue

About This Property

Downtown Long Beach Cedar Ave Apartments. 6 Units consisting of a 1915 Craftsman single family home in front and a 4 unit, 2 story building in back with an approximate 1000 sqft basement (3 rooms plus kitchen, bathroom, laundry) that is currently rented, but not permitted as living space. ***Cap rate sits at 7.6%*** and the property brings in approximately $109,000 per year and the rents are still fairly low! All units are currently rented by long term tenants. This is a fantastic opportunity for any investor to own bread and butter units in a high rental demand area. You will never have a problem filling any vacancy!

Unit Mix

• 1 unit · 4bd / 2ba
• 3 units · 2bd / 1ba
• 2 units · 1bd / 1ba

Neighborhood

This property is located in Long Beach. Want to learn more about the area?