619 Cedar Avenue

Long Beach, CA 90802

$600,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $393 / sqft

1955

calendar_month Built

Property 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 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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 619 Cedar Avenue
City Long Beach
State CA
Zip 90802
County Los Angeles
Listing Agent Mark Kelaidis DRE#01920052
Co-Listing Agent Nikko Kelaidis DRE#02007389
Courtesy Of Pacific Sotheby's Int'l Realty
MLS OC24078744
List Price $600,000
Status Active
Type Residential Income
Subtype Own Your Own
Structure Size N/A
Lot Size 7,501
Year Built 1955
DOM 3

Exterior Information

Maps

Listing information courtesy of: Mark Kelaidis, Nikko Kelaidis, Pacific Sotheby's Int'l Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 19th, 2024 at 6:08 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.