1123 Cedar

Long Beach, CA 90813
Property listed by Keller Williams Realty Downey, Robert Stepp 310-463-2916
$2,530,000
1123 Cedar Avenue presents the opportunity to acquire a well-maintained 11-unit multifamily asset offering an attractive combination of immediate cash flow, operational stability, and long- term upside in Willmore City Historic District. Offered at a 6.55% current cap rate with additional rental upside, the property delivers compelling day-one returns whileRead MoreRead Less
Listing Snapshot
Days Online
27
Last Updated
Property Type
MixedUse
Lot Size
0.17 Acres
Year Built
1964
MLS Number
PW26180162
Property Location Map
Additional Details
Building
Built in 1964, 1 building, 2 stories, Entry level: 1, Entry location: 1
Community
Sidewalks
Expenses
Electric: $1,692, Fuel: $1,692, Gardener: $1,200, Insurance: $9,447, Licenses: $1,500, Maintenance: $7,700, Operating: $77,395, Pest Control: $900, Trash: $1,692, Water/Sewer: $1,692, Other Expense: $3,300
Garage
6 spaces
Income
Gross Income: $243,160, Gross ScheduledIncome: $249,480, Net Operating Income: $165,765
Laundry
CommonArea
Lot
0.1711 acres, ElevenToFifteenUnitsAcre
Parking
6 total parking spaces
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7272006006, Tax Block: 3, Lot: 5
Utilities
Water Source: Public, 11 separate electric meters, 11 separate gas meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.