702 Cedar Avenue, Long Beach, CA 90813

About this property

Investor opportunity: Location, Location, Location! These THREE units are In the Heart of the Downtown Long Beach, in the highly desirable Wilmore Historical District. Don’t miss out on this amazing investment opportunity. (1) Large open spacious commercial Unit offers a large open floor plan perfect for Retail, Gym, Office, Art or Fitness Studio with a private outdoor private patio area. Comes with new recess lighting, paint, tankless water heater, break room, and an upgraded restroom. (1) Studio well maintained with Washer and Dryer hook-ups. (1) Completely remodeled: 1 bed / 1 bath unit includes parking, in-unit washer & dryer hook-up, tankless water heater, granite counter tops, new kitchen with new tile and hard laminate throughout. This is a mix unit will not last long. Potential: CAP RATE 6-7.5%:

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

Sale history

$610,000

Sold February 2018 · listed $649,999, orig. $599,999, on market November 2017 · MLS #DW17247607 · Source: CRMLS

Listing Agent: Martin Marquez Jr. · Listing Office: Keller Williams Pacific Estates · Contact: 562-261-0900 · Bought with: David Rosenfeld · Advantage Real Estate

$450,000

Sold March 2014 · listed $472,500, on market February 2014 · MLS #OC14023939 · Source: CRMLS

Listing Agent: Matthew Firth · Listing Office: JMS Manage Sell, PC · Contact: 562-264-1444 · Bought with: George Bustamante · Coldwell Banker Commercial

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