1044 Cedar Avenue
Long Beach, CA 90813
- – beds
- – baths
- – sqft
- 7,453 sqft lot
- 1915 build
- – on site
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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!
Listed By CRMLS_CA / Terry McCarty / Coldwell Banker Realty / 714-392-2880
Last checked:
Checking…
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Last updated Nov 18, 2024
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MLS# OC24127338 —
The Building
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Year Built:1915
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:1 Common Wall
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Building Area Total:4766.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:6
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Stories Total:2
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# of Separate Gas Meters:6
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# of Separate Water Meters:1
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# of Separate Electric Meters:6
Interior
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Levels:Two
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Entry Location:1
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Laundry:Common Area
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Laundry:1
Location
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Directions:10th/Chestnut
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LBPD10
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Lot Features:6-10 Units/Acre, Level with Street
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Lot Size Area:7453.0000
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Lot Size Acres:0.1711
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Lot Size SqFt:7453.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:5758.03
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Tax Tract:11934
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Tax Lot:20
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7272005028
Utilities
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Sewer:Public Sewer, Sewer Paid
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Water Source:Public
The Community
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Subdivision:Other (OTHR)
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Subdivision:Richardson Tract
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Senior Community:No
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Features:Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban
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Pool:None
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Private Pool:No
Parking
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Parking:Yes
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Parking:On Site, Private, Shared Driveway
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/31/24
Jul 31, 2024
|
Sold | CRMLS_CA | $1,150,000 | |
7/1/24
Jul 1, 2024
|
Pending | CRMLS_CA | $1,150,000 | |
6/21/24
Jun 21, 2024
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Listed / Active | CRMLS_CA | $1,150,000 | -2.1% (-0.5% / YR) |