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1990 Cedar Ave
Long Beach, CA 90806
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Spacious 1 bed, 1 bath units offers approximately 630 square feet of living space.
- Recent Cap Ex includes new roofs on both structures, upgraded electrical panel, seismic retrofit bolting and rebuilt front & rear staircases.
- Opportunity to capture 13% upside in rents
- Functional layouts and the ability to add in-unit laundry for increased rental appeal and tenant retention.
- Close proximity to the 710, 405, & 91 freeways and public transportation options including the Metro Blue Line with direct access to downtown LB & LA.
- Property includes 2 large-tandem garages offering ADU development potential (buyer to verify).
Property Facts
| No. Units | 4 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 2,516 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1930 |
| Zoning | LBR2N | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,516 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | LBR2N |
Amenities
- Smoke Detector
Unit Amenities
- Heating
- Ceiling Fans
- Tile Floors
- Range
- Tub/Shower
- Carpet
- Family Room
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Gas Range
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,608 | 629 |
Property Taxes
| Parcel Number | 7209-023-001 | Improvements Assessment | $435,051 |
| Land Assessment | $446,205 | Total Assessment | $881,256 |
Property Taxes
Parcel Number
7209-023-001
Land Assessment
$446,205
Improvements Assessment
$435,051
Total Assessment
$881,256
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