619 Cedar Avenue #1, 3, 4, Long Beach, CA 90802 (MLS # OC24078744)

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PRICE $600,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 1,526 sqft
LOT SIZE 7,502 sqft

Discover a prime opportunity in the heart of Downtown Long Beach with this unique offering of three Own-Your-Own units at 619 Cedar Avenue. This bundle includes two studio apartments and a single 1-bedroom unit. Perfectly positioned within walking distance to Pine Avenue's vibrant dining and entertainment scene, and close to metro rail services, these units are primed for solid rental demand. Currently, rents are below market value, offering significant upside potential with a proforma cap rate of 6.5%. Ideal for those looking to capitalize on Long Beach's dynamic rental market, these units present a chance to secure a low-maintenance property with a high return on investment.

DAYS ON MARKET 14 LAST UPDATED 4/19/2024
TRACT Downtown (DT) YEAR BUILT 1955
COMMUNITY Downtown Area, Alamitos Beach COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA Downtown Area, Alamitos Beach
BUYER'S BROKERAGE COMPENSATION 2.500 %
LOT 7501 sq ft
LOT DESCRIPTION Near Public Transit
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
SUBDIVISION Downtown (DT)
WATER Public
ZONING LBPD10
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Pacific Sotheby's Int'l Realty

Based on information from CRMLS as of 5/3/24 11:43 AM PDT. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CRMLS. 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.

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