619 Cedar Avenue, #1, 3, 4, Long Beach, CA 90802
-
Listed Price :
$600,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1955
Property Description
Discover a prime opportunity in the heart of Downtown Long Beach with this unique offering of three Own-Your-Own units at 619 Cedar Avenue. This bundle includes two studio apartments and a single 1-bedroom unit. Perfectly positioned within walking distance to Pine Avenue's vibrant dining and entertainment scene, and close to metro rail services, these units are primed for solid rental demand. Currently, rents are below market value, offering significant upside potential with a proforma cap rate of 6.5%. Ideal for those looking to capitalize on Long Beach's dynamic rental market, these units present a chance to secure a low-maintenance property with a high return on investment.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
619 Cedar Avenue, #1, 3, 4 |
| City |
Long Beach |
| State |
CA |
| Zip |
90802 |
| County |
Los Angeles |
| Listing Agent |
Mark Kelaidis DRE #01920052 |
| Co-Listing Agent |
Nikko Kelaidis DRE #02007389 |
| Courtesy Of |
Vista Sotheby's Int'l Realty |
| List Price |
$600,000 |
| Status |
Hidden |
| Type |
Residential Income |
| Subtype |
Own Your Own |
| Structure Size |
N/A |
| Lot Size |
7,501 |
| Year Built |
1955 |
Listing information courtesy of: Mark Kelaidis, Nikko Kelaidis, Vista Sotheby's Int'l Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 1st, 2024 at 1:00 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
