1526 Cedar Avenue, Long Beach, CA 90813

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Oct

Wed

Oct

Thu

Oct

Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$1,150,000

Est. payment - /mo

5 Beds

7,735 Sqft Lot

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25233154

Bedrooms 5

Lot Size 7,735 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

1526 Cedar Avenue is a six-unit multifamily asset located in the Washington District of Long Beach, offering investors a true value-add opportunity with multiple paths to increase income and long-term value. Sitting on a large 7,735 square foot lot, the property provides the potential to add an ADU by converting the detached garages or utilizing the middle section of the lot, which would significantly boost future income (Buyer to Verify). In addition, the building features one vacant unit that allows a new owner to capture market rent immediately, while the property overall offers approximately 21.5% rental upside. The unit mix consists of (1) two-bedroom, one-bath unit and (5) one-bedroom, one-bath units. The property is also well-positioned near George Washington Middle School, which is currently undergoing a $175 million modernization project that will drive continued neighborhood improvement and tenant demand. Altogether, 1526 Cedar presents investors with the chance to capitalize on immediate income growth, long-term development potential, and the benefits of a rapidly gentrifying area.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Head northwest on I-405 N 121 ft Take exit 42B for Inglewood Avenue 0.3 mi Turn left onto Inglewood Ave 394 ft Turn right to mer

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7269002009

Read Less Info

Listed by Stephen Takahashi Lyon Stahl Investment Real Estate, Inc.

Get More Information

Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

1526 Cedar Avenue Long Beach, CA 90813

Sheila Dadashzadeh

Key Details

Location

Interior

Exterior

Building

Others

Get More Information