2011 Cedar Avenue Long Beach, CA 90806
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site27 Days
- MLS StatusActive
- MLS ID NumberSB24182456
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.1441 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Terms CashConventionalExchange
Exterior Features
- Pool N/K