$1,850,000
Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. With rents slightly below market, the asset provides stable cashflow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.
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Listed by Ryan Pratt with Skyline Commercial Real Estate (949) 688-6530
Property Type
Mixed Use
Status
Active
MLS Number
NP26018192
Year Built
1956
Lot Size
6,373 sq ft