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419 Cedar Ave
Long Beach, CA 90802
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Value Add Opportunity - Approximately 25% Upside in Monthly Income
- Opportunity to Build up to Two (2) ADU’s. Possible Garage Conversion and/or Detached Unit Behind the Current Building (Buyer to verify)
- (2) On-Site Garage Parking Spaces
- Walk Score – 96, Bike Score – 86, Transit Score - 74
- 5.67% Market Cap Rate & 12.26 GRM at Market Rents (Not Including ADU's)
- City at the Forefront of Space & Aerospace Industry - Home to Space-X, Virgin Orbit, Spin Launch, Rocket Lab, Relativity Space & ABL Space Systems
Property Facts
| No. Units | 6 | Building Size | 4,600 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1910 |
| Building Class | C | Parking Ratio | 0.43/1,000 SF |
| Lot Size | 0.12 AC | ||
| Zoning | PD30 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Parking Ratio | 0.43/1,000 SF |
| Zoning | PD30 |
Amenities
Site Amenities
- Controlled Access
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,295 | - |
| 1+1 | 4 | $1,523 | - |
| 2+1 | 1 | $1,795 | - |
Property Taxes
| Parcel Number | 7280-011-019 | Improvements Assessment | $426,683 |
| Land Assessment | $995,598 | Total Assessment | $1,422,281 |
Property Taxes
Parcel Number
7280-011-019
Land Assessment
$995,598
Improvements Assessment
$426,683
Total Assessment
$1,422,281
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