2309 Cedar Avenue, Long Beach, CA 90806

$4,600,000
List Price
$4,600,000
Price Change
▼ $400,000 1644477075
Status
ACTIVE UNDER CONTRACT
MLS#
PW22013010
Year Built
1962
Lot Size
6,500
Acres
0.1492
Lot Location
DripIrrigationBubblers, Front Yard, Sprinklers In Front, Lawn, Landscaped
Days on Market
122
Property Type
Multifamily
Neighborhood
Wrigley Area (Wr)

Property Description

Look no further! Add 2309 and 2317 to your property portfolio and watch the profits flow! 2309 Cedar Ave and 2317 Cedar Ave offered at $4,600,000. to be sold together as joined by one common courtyard. Walk into this gated community to find yourself in the recently re-landscaped courtyard. Beautiful Olive tree in the center with plants that wrap around it and plants in front of the units. Two properties have one building on each lot. Each building has 8 large units, 16 units together. Total of four 2 bed 2 bath, and total of twelve 1 bed 1 bath. Total of four 1 bed 1 bath have private balconies. Each unit is spacious and has tons of storage. All units have been upgraded. Refinished hardwood floors or vinyl planks, granite counter tops in baths and kitchens. Total of twelve 1 car garages. Laundry room completely overhauled in 2019 for extra income. Upgrades include: new plumbing, 4 washer hook-ups, 4 dryer hook-ups, 3 new energy efficient stack-able washer and dyers, new flooring, new paint, new water heater cover, new light fixture, and new door that leads out the freshly laid pebble on the side yard. Highly desirable rental area! Great long term tenants! Great Location! Great income! Great opportunity! This won’t last! See you in escrow!

Additional Information

Pool Description
None
Garage Spaces Total
12
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
16
Gross Scheduled Income
$326,460
Operating Expense
64562

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Betsy Hutchinson from Listing Office: Coldwell Banker Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.