1245 Cedar Avenue, Long Beach, Multifamily – SOLD
• Great rental location-100% occupied
• No rent control
• Separately metered for gas and electric
• Street to street lot
• 8.64% CAP rate on ACTUAL income
This is a well maintained building in great rental location in Long Beach, approx 12 block from the beach.
Long Beach has no rent control!
Street to street lot with a duplex on Cedar and a three story 12 unit building on Chestnut. The duplex has an extra unit on the 2nd floor. (may not be permitted)
There are three on site parking spaces and a laundry room on site. Buildings are separately metered for gas and electric.
Great multifamily investment with an 8.64% CAP rate on actual income!