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1495 Cedar Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
14 Units
Investment Highlights
- Super high yield 14-unit apartment opportunity at a 6.6% cap rate and 9.7X GRM on actual rents
- Significant recent renovations and capital improvements
- $169k/door and qualifies for 73% LTV purchase financing
Property Facts
| No. Units | 14 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 5,276 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | Parking Ratio | 0.95/1,000 SF |
| Zoning | R4N - High-Density Residential | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,276 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | R4N - High-Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Framed Mirrors
- Freezer
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Gas Range
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | $1,385 | 452 - 580 |
| 1+1 | 2 | $1,594 | 575 |
Property Taxes
| Parcel Number | 7269-041-008 | Improvements Assessment | $1,581,294 |
| Land Assessment | $580,292 | Total Assessment | $2,161,586 |
Property Taxes
Parcel Number
7269-041-008
Land Assessment
$580,292
Improvements Assessment
$1,581,294
Total Assessment
$2,161,586
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