A rare opportunity to purchase highly sought after 1960's Balcony style apartment units. Tree lined residential block across from a school. Separately metered for electricity & gas. Excellent unit mix consisting of five 2br+1bth, two 2br+2bth, and five 1br+1bth. In place cash flow. Non rent control area. Market rental upside. Value add upside. The building has great curb appeal, visibility, large units with plenty of natural lighting which creates a nice living space atmosphere for residents, on-site laundry, good parking. These features produce a competitive advantage in attracting and maintaining tenants..
Off market
$1,532,500
1765 Cedar Ave, Long Beach, CA 90813
5beds
4baths
9,136sqft
Apartment
Built in 1963
-- sqft lot
$1,532,500 Zestimate®
$168/sqft
$2,218 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Appliances
- Included: Refrigerator
- Laundry: Area
Features
- Flooring: Tile, Carpet, Hardwood, Laminate
- Common walls with other units/homes: 1 common wall
Interior area
- Total interior livable area: 9,136 sqft
Property
Parking
- Total spaces: 8
Features
- Levels: Two
Lot
- Size: 7,501 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 7269036005
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Roof: Other
Condition
- Year built: 1963
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Long Beach
Other
Other facts
- CommonWalls: 1 common wall
- CommunityFeatures: Curbs, Sidewalks, Street Lighting
- PropertyType: Residential Income
- SpecialListingConditions: Standard
- Levels: Two
- LotFeatures: 0-1 Unit/Acre
- PreviousStandardStatus: Active
- Heating: Wall Heater
- LaundryFeatures: Area
- ParkingFeatures: Assigned, Garage, Garage - Front Entry, Covered Parking, Garage - Rear Entry, Parking Space, Other, Converted Garage
- Appliances: Gas Stove
- MLSAreaMajor: 4 - Downtown Area, Alamitos Beach
- LaundryEquipmentOwnLease: Lease
- DirectionFaces: Southeast
- ExteriorFeatures: Lighting
- Flooring: See Remarks
- BuildingAreaUnits: Square Feet
- ElevationUnits: Feet
- PropertySubType: Apartment
- LotSizeSource: Assessor
- WaterSource: Public
- TaxTractNumber: 9
- ParcelNumber: 7269036005
- TaxAnnualAmount: 28737.00
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$1,532,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,532,500