Properties
Long Beach, CA 90806 2015 Cedar Ave
$1,850,000
Presented By: Ryan Pratt with Skyline Commercial Real Estate; 714-767-7039
Baths • 1
SQFT • 7,226
Garage • 6
Home Details
Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. With rents slightly below market, the asset provides stable cashflow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.
Presented By: Ryan Pratt with Skyline Commercial Real Estate; 714-767-7039
Interior Features for 2015 Cedar Ave
Other Interior Features
Common Walls2+ Common Walls
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 2015 Cedar Ave
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate6.82
CityLong Beach
Community FeaturesStreet Lights, Sidewalks
CountyLos Angeles
DirectionsCedar Ave and 20th St
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces6
Garage Y/NYes
Gross Income176256
Insurance Expense
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet6375
Lot Size UnitsSquare Feet
MLS Area5 - Wrigley Area
Net Operating Income57591
New ConstructionNo
Number Of Units Total10
Operating Expense44835
Pool FeaturesNone
PostalCityLONG BEACH
Property Attached Y/NYes
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameWrigley Area (WR)
Tax Lot22
Trash Expense0
Water Sewer Expense0
Year Built1956
Year Built SourcePublic Records
Exterior for 2015 Cedar Ave
Building Area Total7226
Lot Features6-10 Units/Acre
Lot Size Acres0.1463
Lot Size Area6375
Lot Size SourcePublic Records
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Private PoolNo
Total Parking6
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
