619 Cedar Avenue 1 # 1, 3, 4 Long Beach, CA ^$ 600,000

619 Cedar Avenue 1 # 1, 3, 4

^$ 600,000

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Recently Listed

619 Cedar Avenue 1 # 1, 3, 4

Long Beach, CA, 90802

^$ 600,000

Bedrooms1 Baths3.0 Sq 1,526

Monthly Estimate*

^$ 4,191

Listed by Pacific Sotheby's Int'l Realty

619 Cedar Avenue 1 # 1, 3, 4, Long Beach, CA 90802 - Image 1

619 Cedar Avenue 1 # 1, 3, 4, Long Beach, CA 90802 - Image 2

619 Cedar Avenue 1 # 1, 3, 4, Long Beach, CA 90802 - Image 3

619 Cedar Avenue 1 # 1, 3, 4, Long Beach, CA 90802 - Image 4

619 Cedar Avenue 1 # 1, 3, 4, Long Beach, CA 90802 - Image 5

619 Cedar Avenue 1 # 1, 3, 4, Long Beach, CA 90802 - Image 6

619 Cedar Avenue 1 # 1, 3, 4, Long Beach, CA 90802 - Image 7

619 Cedar Avenue 1 # 1, 3, 4, Long Beach, CA 90802 - Image 8

619 Cedar Avenue 1 # 1, 3, 4, Long Beach, CA 90802 - Image 9

Multi-Family Home for sale in Long Beach, CA

for $600,000 with 1 bedroom and 3 full baths. This 1,526 square foot home was built in 1955 on a lot size of 0.1722.

Discover a prime opportunity in the heart of Downtown Long Beach with this unique offering of three Own-Your-Own units at 619 Cedar Avenue. This bundle includes two studio apartments and a single 1-bedroom unit. Perfectly positioned within walking distance to Pine Avenue's vibrant dining and entertainment scene, and close to metro rail services, these units are primed for solid rental demand. Currently, rents are below market value, offering significant upside potential with a proforma cap rate of 6.5%. Ideal for those looking to capitalize on Long Beach's dynamic rental market, these units present a chance to secure a low-maintenance property with a high return on investment.

Multi-Family Active

Price

^$ 600,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

OwnYourOwn

Lot Size

0.1722

Year Built

1955

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

OC24078744

Days on Market

Features

General

Sewer PublicSewer

Zoning LBPD10

Garage Spaces 0.0

Pool Features None

Year Built 1955

Tenant Pays AllUtilities

Unit Number 1 3 4

Property SubType OwnYourOwn

Gross Income 0.0

Community Features Urban

County Los Angeles

Net Operating Income 30664.0

Operating Expense 7756.0

Insurance Expense 1200.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency Buyer to cooperate with seller's 1031 exchange

Subdivision Name Downtown (DT)

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions From W 7th Street Turn South on Cedar Avenue.

City Long Beach

Entry Location Ground

View Y/N N

Senior Community Y/N N

Total Units 3

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Square Feet 7501.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 3

Street Name Cedar

Listing Terms Cash CashtoNewLoan

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 0

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 23-28

Total Actual Rent 4730.0

Property Sub Type Additional OwnYourOwn

Cap Rate 5.1

Exterior

Lot Features NearPublicTransit

Water Source Public

Total Parking 0.0

Lot Size Area 7501.0

Number of Buildings 1

Spa N

Building Area Total 1526.0

Lot Size Acres 0.1722

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 3

Number of Separate Gas Meters 3

Number of Separate Electric Meters 3

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 619

* Excluded Features

List By

Pacific Sotheby's Int'l Realty

Broker

(949) 554-1200

Phone

Affordability Calculator

$4,191

Per Month

Monthly Principal & Interest: $4,191
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,077,759

Percent of Sale Price 246%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/20/2024	$600,000		Listed Price

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619 Cedar Avenue 1 # 1, 3, 4, Long Beach, CA, 90802 is a Multi-Family Home for sale at $600,000 with 1,526 sqft and a lot size of 0.1722. 619 Cedar Avenue 1 # 1, 3, 4 has 1 bedrooms, 3.0 baths, and was built in 1955. The property's zip code is 90802 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/3/2024. 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.

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619 Cedar Avenue 1 # 1, 3, 4

Multi-Family Home for sale in Long Beach, CA

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