1467 Cedar Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1467 Cedar Ave
12 Unit Apartment Building $3,923,528 CAD ($326,961 CAD/Unit) 4.50% Cap Rate Long Beach, CA 90813
Investment Highlights
- Value-Add Opportunity - Current Rents are Approx. 32% Below Market Level
- ADU Opportunity - Option to Convert Existing Garage into Additional Unit(s)
- Desirable Long Beach Location (Walk Score: 84) - Less than 2-Miles from the Beach & Downtown Long Beach
- Located in an Opportunity Zone
- One- & Two-Bedroom Units
Executive Summary
1467 Cedar Ave. is a 12-unit value-add asset located in Long Beach. The property offers one- & two-bedroom floor plans and option to convert existing garages into additional unit(s).
Property Facts
| Price | $3,923,528 CAD | Property Subtype | Apartment |
| Price Per Unit | $326,961 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.50% | Building Size | 6,731 SF |
| Gross Rent Multiplier | 12.36 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1963 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Price | $3,923,528 CAD |
| Price Per Unit | $326,961 CAD |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| Gross Rent Multiplier | 12.36 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,731 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,044 CAD | 605 |
| 2+1 | 8 | $2,324 CAD | 805 |
1 of 1
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 7269-041-012 | Improvements Assessment | $466,168 CAD |
| Land Assessment | $219,882 CAD | Total Assessment | $686,050 CAD |
PROPERTY TAXES
Parcel Number
7269-041-012
Land Assessment
$219,882 CAD
Improvements Assessment
$466,168 CAD
Total Assessment
$686,050 CAD
zoning
| Zoning Code | LBR4N |
| LBR4N |
-
Trey Mitchell -
Jack O'Connor -
Daniel Blackwell -
CBRE
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1467 Cedar Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.