Exceptional Investment Opportunity in Prime Long Beach Location! Discover this fully updated 6-unit apartment complex featuring modern finishes and smart layouts. The property includes a spacious front unit with 4 bedrooms and 3 bathrooms, ideal for an owner-occupant or premium rental, plus four well-designed 2-bed/1-bath units in the rear… Read More building. Adding to its appeal, the property also offers an unpermitted 3-bed/1-bath basement unit (~780 SF) with an additional 380 SF of storage space, currently generating extra rental income. All units have been tastefully renovated with contemporary kitchens, updated bathrooms, and modern flooring, creating a turnkey opportunity for investors seeking immediate cash flow. The property’s central location provides easy access to Downtown Long Beach, shopping, dining, freeways, and public transit, making it highly desirable for tenants. Whether you’re looking to expand your portfolio or occupy one unit while renting out the others, 1044 Cedar Avenue combines modern living with excellent income potential. Read Less
Property listed by Sagewood Properties, Mindy Kim 213-700-1516
Listing Snapshot
Days Online
21
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1915
MLS Number
RS25231343
30 Days Snapshot Of 90813
$428k
-12%
(avg) sold price
4
-63%
homes sold
76
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1915, Building area total: 3,744, 2 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore, Construction materials: Drywall, Stucco
Community
Sidewalks
Cooling
CentralAir, SeeRemarks
Expenses
Electric expense: $100, Fuel expense: $100, Insurance expense: $3,000, Operating expense: $45,720, Trash expense: $1,000, Water sewer expense: $1,000
Heating
Central, SeeRemarks
Income
Gross income: $152,400, Net operating income: $106,680
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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