2425 Cedar Avenue, Long Beach, CA 90806

About this property

We are pleased to present 2425 Cedar Avenue, a 5-unit investment property in Long Beach, California. The property is located between Willow and Burnett Streets just off Pacific Avenue. This area is a solid majority-renter market with low vacancy rates. 2425 Cedar Avenue consists of two 2 bedroom 1 bathroom units and three 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers four single car garages plus surface parking. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$1,565,000

Sold June 2023 · listed $1,600,000, on market January 2023 · MLS #23234221 · Source: CRMLS

Listing Agent: Jonathan Weir · Listing Office: Marcus & Millichap · Contact: 424-405-3900 · Bought with: Victor Fonseca · Keller Williams Realty

$1,015,000

Sold April 2017 · listed $995,000, on market February 2017 · MLS #PW17034319 · Source: CRMLS

Listing Agent: W. Kurt Wood · Listing Office: Belmont Brokerage & Mgmt. INC. · Contact: 562-437-3581 · Bought with: John Chelius · Property Works RE, Inc.

$675,000

Sold May 2014 · on market February 2014 · MLS #PW14031725 · Source: CRMLS

Listing Agent: Spencer Pabst · Listing Office: Pabst, Kinney & Associates · Contact: 562-987-3244 · Bought with: W. Kurt Wood · Belmont Brokerage & Mgmt. INC

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