For more information regarding the value of a property, please contact us for a free consultation.
2360 Cedar AVE Long Beach, CA 90806
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $975,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID PW14159318
Year Built 1946
Lot Size 6,490 Sqft
Property Description
8 unit building in great part of Wrigley. Large 1 bedroom units. Building has been meticulously maintained by current owners - no deferred maintenance. Newer exterior paint, interior paint, flooring and landscaping. Separately metered for both gas and electric. Great building to add to your portfolio. Laundry income via seller's own machines. Long Beach has no rent control. Tax rolls state 2 singles, but are very large (625 sq ft) and operate as 1 bedrooms. Stable tenant base w/ definite upside rent potential. Rents are actual, expenses are estimated. Great building to add to your portfolio! Proforma numbers are: $950/unit - $7700/mo - $92,400/yr. Proforma GRM = 10.82, Proforma Cap = 6.7%
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Flooring Carpet, Tile
Laundry Common Area
Exterior
Parking Features Garage
Pool None
Community Features Curbs, Gutter(s)
Utilities Available Sewer Available
Building
Story 2
Water Public
Others
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Special Listing Condition Standard
Read Less
Bought with Steven Bogoyevac • Steven M. Bogoyevac, Broker
GET MORE INFORMATION