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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 |
| Zoning | PD10, Long Beach | ||
| 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 |
| Zoning | PD10, Long Beach |
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 | $468,180 |
| Land Assessment | $676,260 | Total Assessment | $1,144,440 |
Property Taxes
Parcel Number
7272-006-013
Land Assessment
$676,260
Improvements Assessment
$468,180
Total Assessment
$1,144,440
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