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Property Detail - MLS#P638983

2309-17 Cedar Avenue
 Long Beach, CA 90806

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Beds:

0

Baths:

0

SqFt:

13,158

Price:

$2,249,000
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Description

Very sharp 16-units (2 side-by-side 8 unit buildings adjoined with a courtyard with separate APNs). Four 2-bedrooms with balconies, twelve 1-bedrooms, 12 enclosed garages rented at $75/month & laundry room generating about $600/month (Seller owned machines that will transfer to buyer with purchase of building). Separate gas & electric. Well-maintained. Expenses very low. All units are attractive and some have been enhanced. Many tenants are long term so rents are still somewhat low and can be raised. All rents listed are actual. Expenses are reliable.

Home Facts

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • Living Area: 13,158
  • Lot Size: --
  • Type: Multi-Family Home
  • County: LOS ANGELES
  • Year Built: 1962
  • Status: Active
  • Subdivision: --
  • Area: --
  • Interior Features
  • Accessibility Features: Disability Access: None
  • Amenities: Amenities: Y, Spa Description: No Spa
  • Flooring: Floors Description: Wall-to-Wall Carpet
  • Heating/Cooling: Cool System: N
  • Sqft Source: Square Foot Source: Assessor
  • Appliances: Range(s): 12, Disposals: 12, Water Heater
  • Laundry: Laundry Description: Own
  • Electric: Electric Meter: 13
  • Exterior Features
  • Construction: Exterior Construction: Stucco/Wood, Construction Description: Frame & Stucco
  • Garage/Parking: Paved Area , Parking: Garage - Rear Entry, Garage Rent Rate: 75, Number of Garages: 12, Number of Parking Spaces: 12
  • Lot: Fee for Land Lease , Lot Description: Alley Access, Lot: 23, Lot Size Source: Appraiser
  • Property Amenities: Sprinkler System: Sprinklers
  • Style: Style: Contemporary
  • Building: Buildings: 2, Structural Condition: Updated/Remodeled, Structural: Faces Southeast, Carpeted: 12
  • Entry: Entry Locaton: Ground Level w/steps
  • Location: Cross Street: S/Willow;W/LL Blvd
  • Water/Sewer: Sewer: In, Connected & Paid, Water: District/Public
  • Exterior Feature: Roof Description: Composition/Shingle
  • Community Features
  • Utilities: Gas Meter: 13
  • Community Details: Builder Tract Name: Wrigley Area
  • Financial: Tax Expense: 27348, Assessment: Wrigley Area (, Tenant Pays Cable, Other Expenses: 00, Tenant Pays Electric, Tenant Pays Gas, Annual Gross Income: 194208, Garage Income: 900, Operating Expenses: 52388, Gross Monthly Income: 16184, Electric Exense: 2400, Water & Sewer Expense: 8400, Gross Scheduled Income: 194208, Annual Gross Rent: 194208, Maintenance Expense: 2000, Gardener Expense: 840, Operating Income: 141820, License Expense: 400, Manager Expense: 3000, Laundry Income: 600, Income Gross Multiplier: 11.58, Price Per Sqft: 170.92, Insurance Expense: 8000
  • Possession: Possession: Close of Escrow
  • School Information

    This Multi-Family Home located at 2309-17 Cedar Avenue, Long Beach CA 90806 is currently for sale. 2309-17 Cedar Avenue is in the 90806 ZIP code in Long Beach, CA. This property is listed by Cheryl Cotton of Cotton Realty for $2,249,000. 2309-17 Cedar Avenue has 0 beds, 0 baths, approximately 13,158 square feet, and was built in 1962. Dig deeper into Long Beach CA real estate, search 90806 homes for sale or get details on the home value for 2309-17 Cedar Avenue, Long Beach CA 90806.
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    Listing information courtesy of: Cotton Realty
    Agent: Cheryl Cotton


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    Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the SoCalMLS and/or CRISNet Regional MLS.
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    Data last updated: 10/14/2008.

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