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!