1044 Cedar Avenue, Long Beach, CA 90813

About this fourplex

Downtown Long Beach Cedar Ave Apartments. 6 Units consisting of a 1915 Craftsman single family home in front and a 4 unit, 2 story building in back with an approximate 1000 sqft basement (3 rooms plus kitchen, bathroom, laundry) that is currently rented, but not permitted as living space. ***Cap rate sits at 7.6%*** and the property brings in approximately $109,000 per year and the rents are still fairly low! All units are currently rented by long term tenants. This is a fantastic opportunity for any investor to own bread and butter units in a high rental demand area. You will never have a problem filling any vacancy!

Listing description from the July 2024 sale, as reported to CRMLS.

Sale history

$1,150,000

Sold July 2024 · on market June 2024 · MLS #OC24127338 · Source: CRMLS

Listing Agent: Terry McCarty · Listing Office: Coldwell Banker Realty · Contact: 714-392-2880 · Bought with: Angela Costello · RE/MAX TOP PRODUCERS

$1,175,000

Sold October 2019 · listed $1,195,000 · MLS #OC19016610 · Source: CRMLS

Listing Agent: Greg Bassirpou · Listing Office: Marcus & Millichap RE Invest

$852,000

Sold July 2016 · listed $850,000, on market May 2016 · MLS #PW16099969 · Source: CRMLS

Listing Agent: Kristina Moore · Listing Office: Main Street Realtors · Contact: 562-438-0910 · Bought with: Ray Pashaee · Hamid Pashaee, Broker

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