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1019 Cedar Ave, Long Beach, CA 90813
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1019-1027 Cedar Avenue is a 26-unit turn-key property with 14 parking garages in the up-and-coming Willmore City Historic District, just north of Downtown Long Beach. The property offers 22 one-bedroom/one-bath and 4 two-bedroom/one- bath units. All units are completely remodeled with new wood laminate flooring, custom cabinetry, quartz countertops, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The building also features 14 garages, a community courtyard with BBQ and dining facilities and on-site laundry facilities. This property is in very close proximity to all of the exciting amenities and employment opportunities in Downtown Long Beach. This location is popular for commuters because it offers easy access to the 710 and 405 freeways as well as the Metro Blue Line which runs between Downtown Long Beach and Downtown Los Angeles, with 22 stops along the way. 1019-1027 Cedar Avenue offers an investor the opportunity to own a completely remodeled, turn-key asset in a growing area adjacent to booming Downtown Long Beach. Willmore is one of Long Beach's oldest neighborhoods, located on DTLB's western edge and bordering the L.A. River. Here you'll find a large concentration of turn- of-the-century homes. The Willmore neighborhood reflects Long Beach's past, present and future.
  • Price:
  • $6,500,000
  • Acreage:
  • 0.34
  • Year Built:
  • 1961
  • Listing ID #:
  • PW19179645
  • Street Address:
  • 1019 Cedar Ave
  • City:
  • Long Beach
  • State:
  • California
  • Postal Code:
  • 90813
  • County:
  • Los Angeles
  • Community:
  • Downtown Area/ Alamitos Beach
  • Subdivision:
  • Willmore District (wm)
  • Listing Status:
  • Active
  • Number Of Units:
  • 26
  • Total # Of Buildings:
  • 2
  • Year Built:
  • 1961
  • Year Built Source:
  • Assessor
  • Annual Electric Expenses:
  • 3273.00
  • Annual Insurance Expenses:
  • 8500.00
  • Annual Maintenance Expenses:
  • 11700.00
  • Annual Trash Expenses:
  • 3273.00
  • Annual Water/Sewer Expenses:
  • 3273.00
  • Expenses:
  • 155967.00
  • Gross Income:
  • 475330.00
  • Net Operating Income:
  • 319363.00
  • Operating Expense:
  • 155967.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lbpd10
  • Lot Features:
  • 26-30 Units/Acre
  • Lot Square Footage:
  • 14741.00
  • Community Features:
  • Sidewalks, Street Lights, Urban
  • Price Per Square Foot:
  • 417.58
  • Laundry:
  • 1
  • Laundry Description:
  • Common Area, Individual Room
  • Garage Parking Spaces:
  • 14.00
  • Parking Description:
  • Garage
  • Parking Spaces:
  • 14.00
  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Robert Stepp of Keller Williams Pacific Estate
  • CRMLS

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