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3500 Cedar Ave
Long Beach, CA 90807
Multifamily Property For Sale
·
20 Units
PROPERTY FACTS
| No. Units | 20 | Building Size | 15,270 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1974 |
| Building Class | C | Parking Ratio | 1.5/1,000 SF |
| Lot Size | 0.55 AC | ||
| Zoning | RR4R, Long Beach | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 15,270 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | RR4R, Long Beach |
AMENITIES
UNIT AMENITIES
- Storage Space
- Heating
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Pool
- Security System
ABOUT 3500 CEDAR AVE , LONG BEACH, CA 90807
3500 Cedar Avenue is a unique 20-unit, hacienda-style apartment community on a sprawling 15,270 square-foot lot with mature trees and lush landscaping. Located on a cul-de-sac adjacent to Wrigley Heights, a suburban enclave with tree-lined streets and mostly single family homes, 3500 Cedar Avenue is a rare multifamily offering with a strong re-positioning opportunity. The two-story property features nine one bedroom/one bath and 11 two bedroom/two bath units along open-air walkways. Additional features include a large center courtyard with swimming pool, on-site laundry facilities and ample parking of 30 spaces. 3500 Cedar Avenue offers the opportunity for investors to make improvements to the common areas and modernize the units to achieve 70%+/- upside potential in rents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | 670 |
| 2+1 | 11 | - | 840 |
PROPERTY TAXES
| Parcel Number | 7204-008-006 | Improvements Assessment | $2,816,137 |
| Land Assessment | $2,187,291 | Total Assessment | $5,003,428 |
PROPERTY TAXES
