1765 Cedar Avenue, Long Beach, CA 90813

About this property

A rare opportunity to purchase highly sought after 1960's Balcony style apartment units. Tree lined residential block across from a school. Separately metered for electricity & gas. Excellent unit mix consisting of five 2br+1bth, two 2br+2bth, and five 1br+1bth. In place cash flow. Non rent control area. Market rental upside. Value add upside. 
 
 The building has great curb appeal, visibility, large units with plenty of natural lighting which creates a nice living space atmosphere for residents, on-site laundry, good parking. These features produce a competitive advantage in attracting and maintaining tenants..

Listing description from the August 2018 sale, as reported to CRMLS.

Sale history

$2,015,000

Sold August 2018 · listed $2,375,000, on market March 2018 · MLS #SB18056265 · Source: CRMLS

Listing Agent: John Mociak · Listing Office: Keller Williams Beach Cities · Contact: 310-939-9300 · Bought with: Keith Moret · Keller Williams Beach Cities

$1,590,000

Sold September 2014 · listed $1,650,000, on market June 2014 · MLS #PW14115368 · Source: CRMLS

Listing Agent: Robert Stepp · Listing Office: Keller Williams Pacific Estat · Contact: 562-513-7800 · Bought with: Robert Stepp · Keller Williams Pacific Estat

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