2425 Cedar Avenue, Long Beach CA, 90806

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.

Data last updated on 3/23/2024 at 1:28 AM UTC