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2382 Cedar AVE Long Beach, CA 90806
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Key Details
Sold Price $2,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW19222261
Year Built 1986
Lot Size 6,534 Sqft
Property Description
We are pleased to present an eight-unit multifamily property located in an excellent rental market of Long Beach, California. Built in 1986, the property has approximately 7,512 rentable square feet on a 6,501 square foot lot. The subject property has a great unit mix of all two-bedroom / two-bathroom units. Owners enjoy the high demand for rentals in a coastal city. This a rare opportunity to acquire a quality asset in an outstanding rental market and would make a great addition to any investors portfolio.
The city of Long Beach continues to progress forwards and is currently experiencing major redevelopment of $3.5 billion. An example of this large-scale redevelopment is the Long Beach Civic Center, which is completed late 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multi-family residential units. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR1N
Interior
Heating Floor Furnace
Laundry None
Exterior
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer, Septic Type Unknown
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Anthony Walker • Buckingham Investments, Inc