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2015 Cedar Ave — photo 1
1 / 11

Units

10

Building Size

7,226 sf

Lot Size

6,375 sf

Status

Active

Long Beach

2015 Cedar Ave

About This Property

Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the South Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. Recent improvements include an updated roof, electrical system, and unit interior renovations allowing for an investor to acquire a low maintenance building in a strong rental location. With rents slightly below market, this asset provides immediate cash-flow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.

Unit Mix

  • 1 unit · 1bd / 1ba
  • 1 unit · 2bd / 2ba

Neighborhood

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

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Listing courtesy of Skyline Commercial Real Estate

Listing data from CRMLS. Deemed reliable but not guaranteed.

Asking Price

$2,045,000

Est. Monthly Payment

$13,067/mo

20% down · 6.5% rate · 30yr

Run the Numbers

Listing Agent

Ryan Pratt

Skyline Commercial Real Estate