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1123 Cedar Ave
Long Beach, CA 90813 Downtown Long Beach

$2,550,000 USD

Apartments For Sale  •  11,818 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,818 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1964
  • Zoning PD10, Long Beach
60 Transit Score
70 Walk Score

Highlights

Priced at 6.44% Cap Rate with Rental Upside
Balanced Unit Mix of Two-Bedrooms and One-Bedrooms
Updated Plumbing & Electrical
Strong ADU Potential with 6 Garages
Commuter-Oriented Downtown Long Beach Location, Proximity to 710 Freeway

Amenities

  • Air Conditioning

Public Transportation

Transit/SubwayDriveWalkDistance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 9 min 0.5 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 13 min 0.7 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 16 min 0.8 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 4 min 20 min 1.0 mi
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 12 min - 4.8 mi
Los Angeles International 31 min - 21.2 mi
John Wayne/Orange County 33 min - 21.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: OneCarGarage
Included in Rent: Yes
Robert Stepp 310-463-2916 Stepp Commercial - KWPE
Robert Stepp 310-463-2916 Stepp Commercial - KWPE