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1516 Cedar Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Over $250,000 Spent In Capital Improvements (with permits) Providing Over 6% CASH FLOW with a 30% Down Payment
- Bathrooms Feature New Ceramic Tile Flooring, New Ceramic Tile Wainscot, New Bathtubs, New Vanities, & New Paint
- All New Plumbing And Gas Up To The Main Valve
- Kitchens Feature New Custom-made Wood Cabinets, Granite Countertops, Sinks And Faucets, Garbage Disposal And Stainless Steal Appliances
- Each Unit Has New Front-loading Washers And Dryers
- Individually Metered For Gas & Electric & Separate Water Heaters For Each Unit
Property Facts
| No. Units | 5 | Building Size | 4,495 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1915/2019 |
| Building Class | C | Parking Ratio | 0.89/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | R4N, Long Beach | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,495 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1915/2019 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | R4N, Long Beach |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Granite Countertops
- Stainless Steel Appliances
- Range
- Yard
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | - |
| 2+1 | 2 | - | - |
| 1+1 | 1 | - | - |
Property Taxes
| Parcel Number | 7269-002-010 | Improvements Assessment | $1,082,432 |
| Land Assessment | $541,216 | Total Assessment | $1,623,648 |
Property Taxes
Parcel Number
7269-002-010
Land Assessment
$541,216
Improvements Assessment
$1,082,432
Total Assessment
$1,623,648
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