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+15624180777
Berkshire Hathaway
419 Cedar, Long Beach, CA 90802
- $1,595,000
- List Price
- $1,595,000
- Status
- ACTIVE
- MLS#
- PW26195086
- Year Built
- 1910
- Lot Size
- 5,364
- Acres
- 0.12
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 48
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Neighborhood
- Downtown (Dt)
Property Description
Great Downtown location blocks away from shopping, restaurants and so much more. Lower level contains a " MEETING ROOM"with its own bath. By adding a shower a stove and a front door- could potentially be a LOW COST ADU adding at least 1500.00 per month to income. (2) 1 bedroom tenants have given notice so there is potential for market rents. Classic building with great unit mix (1) 2 bedroom unit (4) 1 bedroom units and (1) studio unit along with (2) garages which potentially be a 2nd ADU. Laundry room leased for additional income. Nice backyard. Substantial upside in rents. Security cameras. Current Cap rate of 6 With 30% down, a new borrower could get a new loan of 70% LTV
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $127,296
- Operating Expense
- 26
Listing courtesy of Listing Agent: Steve Gamez (stevenagamez@yahoo.com) from Listing Office: P.R.S. Properties.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.