1242 Cedar Ave | Long Beach, CA 90813
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1242 Cedar Ave
Long Beach, CA 90813
9.60 GRM on Current Rents · Multifamily Property For Sale
·
12 Units
Investment Highlights
- 9.60 GRM / 7.00% Cap Rate on Current Rents
- New Windows, Exterior Paint & New Electrical Throughout
- Walk Score 89 - Very Walkable; Convenient Access to 710 Freeway
- 7 of 12 Units Fully Renovated
- Controlled Access Building with Parking
Property Facts
| No. Units | 12 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 7,166 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 0.42/1,000 SF |
| Zoning | PD10, Long Beach - Planned Development | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,166 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.42/1,000 SF |
| Zoning | PD10, Long Beach - Planned Development |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 550 |
| 2+1 | 3 | - | 740 |
Property Taxes
| Parcel Number | 7272-001-006 | Improvements Assessment | $1,071,820 |
| Land Assessment | $1,995,071 | Total Assessment | $3,066,891 |
Property Taxes
Parcel Number
7272-001-006
Land Assessment
$1,995,071
Improvements Assessment
$1,071,820
Total Assessment
$3,066,891
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