Overview
- 7
- 25
- 14055
- 1915
Description
PRICED TO SELL. Under 10 GRM and 6.0% CAP. 25 units in the heart of Downtown Long Beach. Excellent unit mix for the area. Well-maintained and professionaly managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). The building is blocks from over $8BB in redevelopment including the new Library and many new apartment complexes and restaurants. All unit interiors and common areas heavily updated. The buildings electrical was updated to a 400 AMP main panel and 60 AMPS in each unit and the roof was replaced in 2020. The building was also retrofitted in 1989. New laminate flooring throughout the common areas. Onsite laundry in the basement area. There is a separate house in the rear that has 2 large units – a 3 bed/1 bath and 1 bed/1 bath unit. Loan quote provided by David Guevara. Momenta Capital Group. Qualified Buyers can put as little as 28% down and earn over an 8% cash on cash return against in-place rents. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL.
Address
Open on Google Maps- Address Cedar
- City Long Beach
- State/county Los Angeles
- Zip/Postal Code 90802
Details
Updated on November 21, 2025 at 11:08 am- Property ID: HZ25618923
- Price: $4,750,000
- Property Size: 14055 Sq Ft
- Bedrooms: 7
- Bathrooms: 25
- Year Built: 1915
- Property Status: ResidentialIncome
- Listed by: Jonathan Swire
- DRE #: 01336277
- Contact Mail: jon@jonswire.com
- Brokered by: The Agency
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