1439 Cedar Ave
Long Beach, CA 90813
16 Units in Long Beach - NON Rent Control · Multifamily Property For Sale
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16 Units
Property Facts
| No. Units | 16 | Building Size | 10,080 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1928 |
| Building Class | C | Parking Ratio | 0.4/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R4N, Long Beach - medium-density residential development | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,080 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | R4N, Long Beach - medium-density residential development |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Site Amenities
- Laundry Facilities
About 1439 CEDAR AVE , LONG BEACH, CA 90813
PRICE REDUCTION. SELLER IS MOTIVATED. 16 units located in South Long Beach NOT subject to rent control. All units are 1 bed/1 bath. The property is professionally managed and and has been heavily remodeled. Rents in Long Beach have been increasing rapidly and tenants are willing to pay for remodeled product. The current owner has spent over $150,000 on improvements including new landscaping, new water heater and completely remodeled unit interiors (14 of the 16 units). Unit interiors received new paint, laminate flooring, ceaserstone counter tops and new fixtures throughout. Tenants are on new leases with full 1-month security deposits and solid rental applications. Excellent assumable financing fixed at 3.925% through 2021. 3 Years I/O then the final 2 are fully amortized. EARN OVER 6.5% CASH ON CASH AGAINST IN PLACE RENTS W/ASSUMABLE FINANCING. DOWNLOAD SETUP FOR MORE INFO AND A RENT ROLL Located in South Long Beach blocks from the restaurants/bars on Pine in Down Town Long Beach. DOWNLOAD SETUP FOR MORE INFO AND A RENT ROLL
Property Taxes
| Parcel Number | 7269-041-017 | Improvements Assessment | $2,484,181 |
| Land Assessment | $865,945 | Total Assessment | $3,350,126 |
Property Taxes
