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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$4,325,000

Est. payment - /mo

7,501 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID PW23183991

HOA Y/N No

Year Built 1918

Lot Size 7,501 Sqft

Property Sub-Type Mixed Use

Property Description

338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 10.98 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeled
with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers.The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPD30

Interior

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7280015006

Energy Description 4627.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Robert Stepp • Keller Williams Realty Downey • 310-463-2916

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338 Cedar AVE Long Beach, CA 90802