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$1,595,000

FOR SALE
Active

419 Cedar

Long Beach, CA

MLS# PW26195086

Apartment
62 days on marketNalren refreshed

Listing Agent

Steve Gamez

Listing Agent

P.R.S. Properties

DRE #: 00586247

(714) 328-0832

Brokerage: P.R.S. Properties

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1910

Year Built

5,364 sqft

Lot Size

N/A

Price/Sq Ft

2

Garage Spaces

N/A

HOA

Apartment

Property Type

Description

Great Downtown location blocks away from shopping, restaurants and so much more. Lower level contains a " MEETING ROOM"with its own bath. By adding a shower a stove and a front door- could potentially be a LOW COST ADU adding at least 1500.00 per month to income. (2) 1 bedroom tenants have given notice so there is potential for market rents. Classic building with great unit mix (1) 2 bedroom unit (4) 1 bedroom units and (1) studio unit along with (2) garages which potentially be a 2nd ADU. Laundry room leased for additional income. Nice backyard. Substantial upside in rents. Security cameras. Current Cap rate of 6 With 30% down, a new borrower could get a new loan of 70% LTV

Facts & Features

Interior

Laundry Features
Community Laundry, Laundry Room, See Remarks

Exterior

Private Pool
No
Lot Features
Sixteen To Twenty Units Acre

Building

Year Built
1910
Building Area Total
4,600
Stories Total
2

Utilities

Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
2
Parking Total
2

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