Sold
2425 Cedar Avenue
Long Beach CA, 90806
$1,565,000
$369.98 per sqft
Sold
7 Beds
5 Baths
4,230 sqft
Residential
Built in 1956
Listed by Jonathan Weir with Marcus & Millichap 424-405-3900
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.
23234221
MLSⓇ ID
January 19, 2023
Listed
March 23, 2024
Updated
Map
2425 Cedar Avenue
Long Beach CA, 90806
Interior Features
Total Stories
2
Bedrooms
7 Beds
Bathrooms
5 Baths
Appliances
Dishwasher, Refrigerator
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.15 Acres
Other Property Details
Area Name
5 - Wrigley Area
Days on Market
111
Garage
Yes
Garage Spaces
4
Parking
Door-Single, Garage, Uncovered
Parking Total
6
View
No
County
Los Angeles
Pool
No
Zoning
LBR1N
Buyer Agency Compensation
2%
Listing Contact: 424-405-3900
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:28 AM UTC