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2015 Cedar Ave
Listed by Ryan Pratt with Skyline Commercial Real Estate 714-767-7039
$1,600,000

2015 Cedar Ave

7,226 Sq.Ft. 6,375 Sq.Ft.

Description

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.

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Location

2015 Cedar Ave, Long Beach, CA 90806

Status

Sold
Ryan Pratt

Ryan Pratt

TITLE

Multifamily Investment Advisor

Chris Pettit

Chris Pettit

TITLE

Founder

Property Amenities

Interior
Laundry room Common Area
Area & Lot
Total area 7,226 Sq.Ft.
Lot Area 6,375 Sq.Ft.
Living area 7,226 Sq.Ft.
MLS® ID NP26018192
Year Built 1956
Type Multi-Family
Status Sold
Exterior
Stories 2
Pool None
Water Source Public
Garage Space 6.0
Sewer Public Sewer
Lot Features 6-10 Units/Acre
Finance
Sales Price $1,600,000

Long Beach

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