2011 Cedar Avenue, Long Beach, CA 90806

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Property Description

True Pride of ownership 6-unit building located at 2011 Cedar Ave, Long Beach. Totaling 5,261 sqft, the subject property is currently operating at a 5.94% cap rate and 11.38 GRM and is in the desirable Wrigley pocket of Lo ng Beach. Wrigley attracts families and higher rents and has a close proximity to transportation and highways for commuter families. 2011 Cedar has an ideal unit mix of (6) 2Bed+1Bath units. One unit can be delivered vacant for an owner user or rented by the new owner to a tenant of their choosing. The property features on site laundry and parking, allowing for higher rents. There are 5 enclosed, private garages. Garages can either be converted to 2 ADU's or 2 ADU's may be built on top of the garages 2 avoid losing any parking. ADU proforma is included in the OM on page 12. The subject property is located just outside the $6 Billion of development flooding into Downtown Lon g Beach, including the Long Beach Civic Center, Long beach Aquarium, OceanAire Project, CSULB Downto wn Village, Broadway Block, The Pacific and Queen Mary Island.


Interior Features

Laundry Information
Location(s) Inside
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 2011 Cedar Avenue
City Long Beach
State CA
Zip 90806
County Los Angeles
Listing Agent Cameron Samimi DRE #02035763
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
List Price $1,675,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 6,276
Year Built 1944

Listing information courtesy of: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 1st, 2024 at 4:14 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.