Real estate listing preview #1Real estate listing preview #2Real estate listing preview #3Real estate listing preview #4Real estate listing preview #5Real estate listing preview #6Real estate listing preview #7Real estate listing preview #8Real estate listing preview #9Real estate listing preview #10Real estate listing preview #11Real estate listing preview #12Real estate listing preview #13Real estate listing preview #14Real estate listing preview #15
listing
1 of 15
Residential IncomeFor Sale
$2,749,000
1217 Cedar Avenue
Long Beach, CA 90813
Listed by Jonathan Swire DRE#01336277 [email protected] The Agency
MLS: California Regional MLS (CRMLS)
6Beds
14Baths
8,086Sq Ft
Est. Mortgage
$14,290/mo

10.8 GRM and 5.9% CAP on actual rents with upside to 6.3% CAP. PRICED TO SELL.14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. The property is professionally managed and well maintained. Some units have updated kitchens, baths and flooring. The property also just received updated landscaping and paint. The building features and excellent unit mix for the area and is located blocks from $8BB worth of redevelopment in the Down Town Long Beach area. There is no onsite parking but there is onsite laundry. The electrical is Siemens - it's a 200 AMP main panel with 30 AMP subpanels (Buyer to verify). EMAIL LA FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND ACTUAL EXPENSES.

Get in touch
Information courtesy of The Agency is subject to verification and is not guaranteed.
Community / School Information