1497 Cedar Avenue, Long Beach, CA 90813

$1,450,000
List Price
$1,450,000
Status
ACTIVE UNDER CONTRACT
MLS#
SB21165750
Year Built
1941
Lot Size
7,553
Acres
0.17
Lot Location
Front Yard, Lawn, Landscaped, Near Public Transit, StreetLevel
Days on Market
38
Property Type
Multifamily
Stories
Multi Level
Neighborhood
Westside/South Of Willow (Wsw)

Property Description

Excellent Upside Potential!! Clean 6-Unit Building Across the Street From Washington Middle School. Five 1-Bedroom and One 2-Bedroom Units in 2 buildings.. Five Garages in Back of Property. Excellent Rental Area With 20% Upside in Most Rents. Laundry Room Area In Back of Front Building--Set Up Your Own Laundry For Additional Income! Only 14.77 X Actual Income and 13 X Pro Forma.

Additional Information

Appliances
Gas Oven
Pool Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
None
Garage Spaces Total
5
Sewer
Public Sewer
Water
Public
Number Of Units Total
6
Gross Scheduled Income
$98,160
Operating Expense
33582

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Cris Molles from The Realestate Group

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.