2441 Cedar Avenue, Long Beach, CA 90806
- $1,100,000
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- SB26171308
- Year Built
- 1940
- Lot Size
- 6,630
- Acres
- 0.15
- Lot Location
- Landscaped
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Neighborhood
- Wrigley Area (Wr)
Property Description
Introducing an excellent investment opportunity in the heart of Long Beach, this well-maintained four-unit multifamily property offers a desirable unit mix, functional layouts, and strong tenant appeal. The property features four side-by-side residences with individual garages, providing a sought-after amenity in today's rental market. The unit mix consists of one two-bedroom, one-bathroom residence and three one-bedroom, one-bathroom residences. Each unit offers hardwood flooring, built-in storage, and a private garage, while the on-site community laundry room provides additional income. Ideally located in Long Beach, the property is just minutes from shopping, dining, local beaches, major employment centers, and convenient freeway access. With Long Beach continuing to attract renters through its coastal lifestyle and diverse economy, this property presents an attractive opportunity for investors seeking a stable, well-located multifamily asset with long-term upside.
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Additional Information
- Pool Description
- None
- Heat
- Natural Gas, Wall Furnace
- Garage Spaces Total
- 8
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $80,640
- Operating Expense
- 37400
Listing courtesy of Listing Agent: Charles Fisher (Charles@FisherRealEstate.com) from Listing Office: Estate Properties.
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