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2425 Cedar Avenue
Long Beach, CA 90806
Sold
We are pleased to present 2425 Cedar Avenue, a 5-unit investment property in Long Beach, California. The property is located between Willow and Burnett Streets just off Pacific Avenue. This area is a solid majority-renter market with low vacancy rates. 2425 Cedar Avenue consists of two 2 bedroom 1 bathroom units and three 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers four single car garages plus surface parking. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.
PROPERTY INFORMATION
| MLS # | 23234221 | Lot Size | 6,582 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,600,000
Price Per SqFt: $ 378 |
DOM | 841 Days |
| Address | 2425 Cedar Avenue | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 4,230 Sq. Ft. |
| Postal Code | 90806 | Garage | 4 |
| County | Los Angeles | Year Built | 1956 |
| Bed / Bath | 7 / 0 | Parking | 6 |
| Built In | 1956 | Status | Closed |
| Sold Date | 2023-06-26 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Refrigerator |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | No |
| Cooling Information | None |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 84 (Very Walkable)
Transit Score: 57 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,707
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/30/2023 | Pending | $1,600,000 |
| 05/11/2023 | Active Under Contract | $1,600,000 |
| 03/18/2023 | Relisted | $1,600,000 |
| 03/17/2023 | Active Under Contract | $1,600,000 |
| 03/07/2023 | Relisted | $1,600,000 |
| 02/27/2023 | Active Under Contract | $1,600,000 |
| 01/19/2023 | Listed | $1,600,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Jonathan Weir, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
