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Sold for $1,565,000 on 06/26/23
  • $1,565,000

    2425 Cedar Ave, Long Beach, CA 90806

    6beds
    4baths
    --sqft
    Multi Family
    Built in 1956
    -- sqft lot
    $1,687,900 Zestimate®
    $--/sqft
    $4,504 Estimated rent

    What's special

    We are pleased to present 2425 Cedar Avenue, a 5-unit investment property in Long Beach, California. The property is located between Willow and Burnett Streets just off Pacific Avenue. This area is a solid majority-renter market with low vacancy rates. 2425 Cedar Avenue consists of two 2 bedroom 1 bathroom units and three 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers four single car garages plus surface parking. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

    Zillow last checked: 7 hours ago

    Listing updated: June 27, 2023 at 04:16am

    Listed by:

    Jonathan Weir DRE #02038545 707-225-2402,

    Marcus & Millichap

    Bought with:

    Victor Fonseca, DRE #01801376

    Keller Williams Realty

    Source: SDMLS,MLS#: 23-234221MLS LogoOriginating MLS: Southwest Los Angeles

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Heating
    • Wall/Gravity
    Cooling
    • N/K
    Interior area
    • Total structure area: 0

    Property

    Lot
    • Size: 6,581 sqft
    Details
    • Parcel number: 7205010019
    • Zoning: LBR1N
    • Zoning description: LBR1N

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1956

    Community & neighborhood

    Location
    • Region: Long Beach
    • Subdivision: Wrigley Area (WR)
    Services availability
    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

    $1,687,900

    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

    $1,687,900