619 Cedar Avenue, Unit 1 3 4
619 Cedar Avenue, Unit 1 3 4
$600,000
1
3
1,526
1,526
$393
Description
Discover a prime opportunity in the heart of Downtown Long Beach with this unique offering of three Own-Your-Own units at 619 Cedar Avenue. This bundle includes two studio apartments and a single 1-bedroom unit. Perfectly positioned within walking distance to Pine Avenue's vibrant dining and entertainment scene, and close to metro rail services, these units are primed for solid rental demand. Currently, rents are below market value, offering significant upside potential with a proforma cap rate of...Discover a prime opportunity in the heart of Downtown Long Beach with this unique offering of three Own-Your-Own units at 619 Cedar Avenue. This bundle includes two studio apartments and a single 1-bedroom unit. Perfectly positioned within walking distance to Pine Avenue's vibrant dining and entertainment scene, and close to metro rail services, these units are primed for solid rental demand. Currently, rents are below market value, offering significant upside potential with a proforma cap rate of 6.5%. Ideal for those looking to capitalize on Long Beach's dynamic rental market, these units present a chance to secure a low-maintenance property with a high return on investment.
- Listed by Mark Kelaidis • DRE #01920052 • Brokerage DRE #01767484 • Pacific Sotheby's Int'l Realty
- Listed by Nikko Kelaidis • DRE #02007389 • Brokerage DRE #01767484 • Pacific Sotheby's International Realty
Property Details for 619 Cedar Avenue, Unit 1 3 4
Parking Spaces Total
0
Private PoolNo
Total Units3.0
Building TypeAttached
Lot Size SourceAssessor
Living Area1526
Assessor Parcel Number7272-022-038
Property Attached YNtrue
Location
LISTING UPDATED: 04/19/2024 11:08 AM
Property Details for 619 Cedar Avenue, Unit 1 3 4
Status | Active |
---|---|
MLS # | OC24078744 |
Days on Market | 16 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / OwnYourOwn |
Year Built | 1955 |
Lot Size | 0.17 AC / 7,501 SF |
County | Los Angeles County |
Location
Building Information for 619 Cedar Avenue, Unit 1 3 4
Stories1Residences-Year Built1955Building Size-Lot Size0.17 AC / 7,501 SF
Payment Calculator
$3,274 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 619 Cedar Avenue, Unit 1 3 4
Property History for 619 Cedar Avenue, Unit 1 3 4
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 619 Cedar Avenue, Unit 1 3 4
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
International Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Cabrillo High School Public9 to 12 | ||
Renaissance High School For The Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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