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listing
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Residential IncomeFor Sale
$1,675,000
2011 Cedar Avenue
Long Beach, CA 90806
Listed by Cameron Samimi DRE#02035763 [email protected] Lyon Stahl Investment Real Estate, Inc.
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$8,746/mo

True Pride of ownership 6-unit building located at 2011 Cedar Ave, Long Beach. Totaling 5,261 sqft, the subject property is currently operating at a 5.94% cap rate and 11.38 GRM and is in the desirable Wrigley pocket of Lo ng Beach. Wrigley attracts families and higher rents and has a close proximity to transportation and highways for commuter families. 2011 Cedar has an ideal unit mix of (6) 2Bed+1Bath units. One unit can be delivered vacant for an owner user or rented by the new owner to a tenant of their choosing. The property features on site laundry and parking, allowing for higher rents. There are 5 enclosed, private garages. Garages can either be converted to 2 ADU's or 2 ADU's may be built on top of the garages 2 avoid losing any parking. ADU proforma is included in the OM on page 12. The subject property is located just outside the $6 Billion of development flooding into Downtown Lon g Beach, including the Long Beach Civic Center, Long beach Aquarium, OceanAire Project, CSULB Downto wn Village, Broadway Block, The Pacific and Queen Mary Island.

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Information courtesy of Lyon Stahl Investment Real Estate, Inc. is subject to verification and is not guaranteed.
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