1526 Cedar Avenue is a six-unit multifamily asset located in the Washington District of Long Beach, offering investors a true value-add opportunity with multiple paths to increase income and long-term value. Sitting on a large 7,735 square foot lot, the property provides the potential to add an ADU by converting… Read More the detached garages or utilizing the middle section of the lot, which would significantly boost future income (Buyer to Verify). In addition, the building features one vacant unit that allows a new owner to capture market rent immediately, while the property overall offers approximately 21.5% rental upside. The unit mix consists of (1) two-bedroom, one-bath unit and (5) one-bedroom, one-bath units. The property is also well-positioned near George Washington Middle School, which is currently undergoing a $175 million modernization project that will drive continued neighborhood improvement and tenant demand. Altogether, 1526 Cedar presents investors with the chance to capitalize on immediate income growth, long-term development potential, and the benefits of a rapidly gentrifying area. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Stephen Takahashi 310-403-9145
Listing Snapshot
Days Online
16
Last Updated
Property Type
Apartment
Lot Size
0.18 Acres
Year Built
1926
MLS Number
SB25233154
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 1926, Building area total: 4,464, Levels: Two, 2 stories, 2 buildings, Architectural style: , Attached, Common walls: OneCommonWall
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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