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Long Beach, CA 90813,1497 Cedar AVE
Long Beach, CA 90813,1497 Cedar AVE
Long Beach, CA 90813,1497 Cedar AVE
$1,407,000
Est. payment /mo
$1,450,000
3.0%
Est.Price: ?

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7,553 Sqft Lot
SOLD DATE : 10/25/2021

Key Details

Sold Price $1,407,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Westside/South Of Willow (Wsw)

MLS Listing ID SB21165750

Year Built 1941

Lot Size 7,553 Sqft

Property Description

Excellent Upside Potential!! Clean 6-Unit Building Across the Street From Washington Middle School. Five 1-Bedroom and One 2-Bedroom Units in 2 buildings.. Five Garages in Back of Property.
Excellent Rental Area With 20% Upside in Most Rents. Laundry Room Area In Back of Front Building--Set Up Your Own Laundry For Additional Income!
Only 14.77 X Actual Income and 13 X Pro Forma.

Location

State CA

County Los Angeles

Area 11 - Westside

Zoning LBR4N

Interior

Cooling WallWindowUnits

Laundry CommonArea, ElectricDryerHookup, GasDryerHookup, LaundryRoom

Exterior

Parking Features DirectAccess, Garage, GarageFacesRear

Garage Spaces 5.0

Garage Description 5.0

Fence Security, WroughtIron

Pool None

Community Features Curbs, StormDrains, Sidewalks

View Y/N No

View None

Building

Lot Description FrontYard, Lawn, Landscaped, NearPublicTransit, StreetLevel

Story 2

Sewer PublicSewer

Water Public

New Construction No

Others

Acceptable Financing CashtoNewLoan

Listing Terms CashtoNewLoan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Cris Molles • The Realestate Group
Bought with Ajith Puthanpurayil • LAX Realty, Inc.

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