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1526-1532 Cedar Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Immediate upside delivered with 1 vacant unit with 54% rental upside.
- ADU potential, 7,735 sqft lot. (Buyer to Verify)
- (1) 2 bed +1 bath | (5) 1 bed + 1 bath unit mix.
- 6.35% CAP Rate | 10.1 GRM
- Price per unit at 190k per door.
Property Facts
| No. Units | 6 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 4,464 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1926 |
| Building Class | C | Parking Ratio | 0.67/1,000 SF |
| Zoning | R4N - Multiple Dwelling | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,464 SF |
| No. Stories | 2 |
| Year Built | 1926 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | R4N - Multiple Dwelling |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,300 | 600 |
| 1+1 | 1 | $1,469 | 600 |
| 1+1 | 1 | $1,571 | 600 |
| 1+1 | 1 | $1,648 | 600 |
| 1+1 | 1 | $1,564 | 600 |
| 1+1 | 1 | $1,469 | 600 |
Property Taxes
| Parcel Number | 7269-002-009 | Improvements Assessment | $546,836 |
| Land Assessment | $360,551 | Total Assessment | $907,387 |
Property Taxes
Parcel Number
7269-002-009
Land Assessment
$360,551
Improvements Assessment
$546,836
Total Assessment
$907,387
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