702 Cedar Avenue, Long Beach, CA 90813

$639,900
List Price
$639,900
Price Change
▲ $39,901 1510352554
Status
ACTIVE
MLS#
DW17247607
Year Built
1920
Lot Size
3,752
Lot Location
0-1 Unit/Acre, Corner Lot, Walkstreet
Days on Market
13
Property Type
Multifamily
Stories
Multi Level
Neighborhood
Willmore District (Wm)

Property Description

Investor opportunity: Location, Location, Location! These THREE units are In the Heart of the Downtown Long Beach, in the highly desirable Wilmore Historical District. Don’t miss out on this amazing investment opportunity. (1) Large open spacious commercial Unit offers a large open floor plan perfect for Retail, Gym, Office, Art or Fitness Studio with a private outdoor private patio area. Comes with new recess lighting, paint, tankless water heater, break room, and an upgraded restroom. (1) Studio well maintained with Washer and Dryer hook-ups. (1) Completely remodeled: 1 bed / 1 bath unit includes parking, in-unit washer & dryer hook-up, tankless water heater, granite counter tops, new kitchen with new tile and hard laminate throughout. This is a mix unit will not last long. Potential: CAP RATE 6-7.5%:

Additional Information

Tract Number
34
Lot Description
Sidewalks, Street Lighting
Pool Description
None
Cooling
Yes
Cooling Description
Zoned, Wall Window, See Remarks
Water
Public
Attached Structure
Attached

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Martin Marquez Jr. from Keller Williams Pacific Estates

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.