$600,000
1 bed
3 bath
0 Sqft
7,501 Sqft lot
619 Cedar Avenue 1, 3, 4, Long Beach, California 90802
- Residential Income Property Type
- 14 Days Time on market
- 1955 Year Built
Property Description
Discover a prime opportunity in the heart of Downtown Long Beach with this unique offering of three Own-Your-Own units at 619 Cedar Avenue. This bundle includes two studio apartments and a single 1-bedroom unit. Perfectly positioned within walking distance to Pine Avenue’s vibrant dining and entertainment scene, and close to metro rail services, these units are primed for solid rental demand. Currently, rents are below market value, offering significant upside potential with a proforma cap rate of 6.5%. Ideal for those looking to capitalize on Long Beach’s dynamic rental market, these units present a chance to secure a low-maintenance property with a high return on investment.
Basic Details
Residential Income
Buy
OC24078744
$600,000
1
3
0 Sqft
1955
7,501 Sqft
Active
Own Your Own
Condos/Co-ops
Features
: Urban
0
$0
: Public Sewer
Address
CA
Los Angeles
Long Beach
90802
619 Cedar Avenue 1, 3, 4
619
Avenue
0
W119° 48' 16.4''
N33° 46' 28.5''
Additional Information
14
1
1
: Common Area
0
1,526 Sqft
1
0 Sqft
0 Sqft
0.17 Sqft
7,501 Sqft
1
: 2+ Common Walls
0 Sqft
LBPD10
7272022038
$0
$0
$0
$2,296
$0
$0
0 Sqft
1
0 Sqft
$0
1
19/04/2024 17:57:27
$0
: Standard
Cash,CashtoNewLoan
From W 7th Street, Turn South on Cedar Avenue.
Pacific Sotheby's Int'l Realty
Mark Kelaidis
OC07358
OCKelamar
$0
5.1
0
1
: Near Public Transit
1
Downtown (DT)
1
: Square Feet
: Community Apartment
yes
1
3
3
3
3
3
38
23-28
1, 3, 4
0
US-06037-N-7272022038-R-N
OwnYourOwn
20/04/2024 01:11:42
Cedar
4 - Downtown Area, Alamitos Beach
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