Field Commercial is pleased to present this well maintained 14 unit building located at 1600-1602 Cedar Avenue in Long Beach, California. It's located near George Washington Middle School, as well as community parks, public transportation, easy access to 405 & 710 freeways, and just minutes away from the beach.
The subject property is a two-story walk-up style building built in 1954, with 10,324 rentable SF. The unit mix consists of 10 - 1BD (with dens) and 4- 2BD units. Additionally, the building offers on-site laundry as well as 6 single car garages and 2 spaces, for added income. All units were recently renovated with oak hardwood flooring, new cabinets, granite countertops and new bathrooms. in addition to all the interior work property offers a new roof, copper plumbing and all new electrical wiring throughout.
The City of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is currently undergoing $4.4 billion in future redevelopments that will also create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was completed in 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.
1600-1602 Cedar Avenue gives investors the unique opportunity to acquire a property with the capacity to add value in a growing and dynamic Long Beach location.
