Skip To Content

442 Cedar Avenue

Long Beach, CA 90802
  • $3,520,000
  • STATUS: Pending
  • ON SITE: 93 Days
  • ID#: OC24010591
Pending
$3,520,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Tyler Leeson of Marcus & Millichap RE Invest (949-419-3200)


Description

442 Cedar Avenue is a 22-unit multifamily investment opportunity located in Long Beach, CA. The property offers a mix of studio, one, and two-bedroom floor plans with amenities including security doors, gated access, and four garage spaces. 442 Cedar Avenue is situated in a fantastic Downtown Long Beach location, surrounded by an abundance of retail, dining, and entertainment options, as well as employers. Additionally, the propertys close proximity to Interstate 710 provides convenient access to the Port of Long Beach and the Port of Los Angeles, two of the busiest ports in the world and a major employment hub for the region. Furthermore, 442 Cedar Avenue is within close proximity of all three levels of education.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-19T18:28:35.703. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
www.bestorangecountyhomesearch.com/homes/146718763
Print Image

442 Cedar Avenue Long Beach, CA 90802

  • Price: $3,520,000
  • Status: Pending
  • On Site: 93 Days
  • ID#: OC24010591
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1923
Built
Neighborhood:
Downtown (Dt)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
442 Cedar Avenue is a 22-unit multifamily investment opportunity located in Long Beach, CA. The property offers a mix of studio, one, and two-bedroom floor plans with amenities including security doors, gated access, and four garage spaces. 442 Cedar Avenue is situated in a fantastic Downtown Long Beach location, surrounded by an abundance of retail, dining, and entertainment options, as well as employers. Additionally, the propertys close proximity to Interstate 710 provides convenient access to the Port of Long Beach and the Port of Los Angeles, two of the busiest ports in the world and a major employment hub for the region. Furthermore, 442 Cedar Avenue is within close proximity of all three levels of education.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Landscaped Number Of Separate Electric Meters 1 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Street LightsSidewalks Electric Expense 6932.2 Fuel Expense 6932.2 Garage YN Yes Gross Income 230414 Gross Scheduled Income 237540 Insurance Expense 11000 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Maintenance Expense 11000 Net Operating Income 105780 New Construction YN No New Taxes Expense 43799 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 22 Operating Expense 124634 Other Expense 19585 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 19795 Trash Expense 6932.2 Vacancy Allowance 7126 Water Sewer Expense 6932.2 Water Source Public Zoning LBPD30



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-19T18:28:35.703. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372309987-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372309987-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372309987-2.jpg
Logo
Doherty Real Estate Group | eXp Realty of California, Inc.
26381 Crown Valley Pkwy
Mission Viejo CA, 92691
Listing Agent(s): Tyler Leeson of Marcus & Millichap RE Invest (949-419-3200)