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1044 Cedar Avenue

Long Beach, CA 90813

$1,995,000

| 3,744 sq. ft.

Status: Active Area: 699 - Not Defined
Year Built: 1915 MLS#: RS25231343

Description

Exceptional Investment Opportunity in Prime Long Beach Location! Discover this fully updated 6-unit apartment complex featuring modern finishes and smart layouts. The property includes a spacious front unit with 4 bedrooms and 3 bathrooms, ideal for an owner-occupant or premium rental, plus four well-designed 2-bed/1-bath units in the rear building. Adding to its appeal, the property also offers an unpermitted 3-bed/1-bath basement unit (~780 SF) with an additional 380 SF of storage space, currently generating extra rental income. All units have been tastefully renovated with contemporary kitchens, updated bathrooms, and modern flooring, creating a turnkey opportunity for investors seeking immediate cash flow. The property’s central location provides easy access to Downtown Long Beach, shopping, dining, freeways, and public transit, making it highly desirable for tenants. Whether you’re looking to expand your portfolio or occupy one unit while renting out the others, 1044 Cedar Avenue combines modern living with excellent income potential.

Features

    Heating: Central, See Remarks
    Cooling: Central Air, See Remarks
    Structure Type: Other Association Amenities: N/A
    Pool Descriptions: None
    Price/sqft: $533
    Parking Spaces: 5
    Total Floors: 2

Listing is Courtesy of: Underwood Mortgage Group | Use of this site means you agree to the Terms of Use

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by Multi-Regional Multiple Listing Service, Inc. ("MRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and MRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.