2078 Cedar Ave, Long Beach, CA 90806

The work has already been done, this is a turn key investment with $3,050 monthly income!!!! This is approximately 7% return on cash investment PLUS depreciation value which depends on your tax bracket. Since it is new inside and out, there shouldn't be any maintenance prelims for years to come and because it is attractive you can attract better tenants at a higher rent! 2078/2080 is a duplex, one up/one down. Each is 2 bed room, 1 bath, dinning room and extremely large living room, as well as a laundry room, the units are supplied with gas range and washer/gas dryer, all are new. Both units are identical with only minor differences. The building was completely rehabilitated, which took over a year. Everything from the ground to the roof is new and all was done to Long Beach city building code. Electrical service and all wiring has been replace with 12 ga wiring, Plumbing is new cooper, drains are new pvc, kitchen cabinets are oak, counter top is granite, all fixture are new. All window, with one exception for esthetic purposes, have been replaced with dual pain, High E, vinyl, low maintenance windows. Original floors have been covered with 3/4 in plywood throughout, the the kitchen, dinning room and hall have been covered with ceramic tile, bed rooms were covered with solid oak tung and groove flooring. All paint inside and exterior is new. Many of the original architectural features were kept in tact, i.e. cove ceilings, storage…etc. Each unit has its own detached garage with remote entry, roll up door. A third garage (400 sq ft) is rented separately with alarm system. Both units are presently under lease with stable long term tenants. The location is ideal, short distance to freeway, grocery, schools, restaurants, a few miles from down town Long Beach, DO NOT DISTURB TENANT - This is a FOR SALE BY OWNER - COMMISSION WILL BE PAID TO BUYER'S AGENT - DO NOT CALL FOR LISTING - CALL 562 841-0932 FOR ALL INQUIRIES