1425 Cedar Ave | Long Beach, CA 90813
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1425 Cedar Ave
Long Beach, CA 90813
10 x Gross on Currents / 35% Upside · Multifamily Property For Sale
·
10 Units
Investment Highlights
- Priced at 10.03 GRM / 6.41% Cap Rate on Current Income
- Plans Ready to Submit to City, Allowing (4) 1BD/1BA ADUs
- Value-Add Deal - Over 35% Rental Upside
- Select Units Have Been Upgraded (Contact Agent for Addt'l Details)
Property Facts
| No. Units | 10 | Building Size | 6,222 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1953 |
| Building Class | C | Parking Ratio | 0.64/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | R4N, Long Beach - High-Density Residential | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,222 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 0.64/1,000 SF |
| Zoning | R4N, Long Beach - High-Density Residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 590 |
| 2+1 | 2 | - | 751 |
Property Taxes
| Parcel Number | 7269-041-021 | Improvements Assessment | $1,082,500 |
| Land Assessment | $600,000 | Total Assessment | $1,682,500 |
Property Taxes
Parcel Number
7269-041-021
Land Assessment
$600,000
Improvements Assessment
$1,082,500
Total Assessment
$1,682,500
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