Address
1019 1027 Cedar Avenue Long Beach, CA
Price
$ 6,750,000
Property Attributes
  • MLS#PW21197284
  • TypePending
  • CountyLOS ANGELES
  • CityLong Beach
  • Zip90813
  • Style
  • Price$ 6,750,000
  • Bedrooms30
  • Full Bathrooms26
  • Half Bathrooms0
  • Sqr Footage15566
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Robert Stepp with Keller Williams - Santa Monica - 310-463-2916
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

1019-1027 Cedar Avenue is a 26-unit turn-key property 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 were extensively remodeled in the past two years with new custom kitchen cabinetry, quartz countertops, stainless steel appliances, new bathroom vanities, and modern lighting. Select units feature all vinyl plank flooring; others feature a mix of vinyl plank flooring and carpet. The building also offers a community courtyard with BBQ and outdoor furniture, as well as on-site laundry facilities and 14 garages. This property is in very close proximity to all of the exciting amenities and employment opportunities in Downtown Long Beach. The location is popular for commuters because it provides 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 remodeled, turn-key asset in a growing area adjacent to booming Downtown Long Beach.

Price History
9/7/2021 Listed $6,750,000

General Features

Additional Parcels Description 7272006014
Additional Parcels Y/N Yes
Co-Listing Agent State License # 01884724
Co-listing Agent Mark Witsken - BRE#01884724
Community Features Urban
Garage Spaces 14
Garage Y/N Yes
Listing Agent Robert Stepp - BRE#01456379
Listing Agent State License 01456379
MLS Area 699 - Not Defined
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Pending
Terms Cash, Cash to New Loan, 1031 Exchange
Total Units 26
Water Sewer Expense 3449
Zoning LBPD10

Interior Features

Common Walls 2+ Common Walls
Laundry Features Common Area

Exterior Features

Lot Features 26-30 Units/Acre
Lot Size Acres 0.34
Lot Size Area 14741
Lot Size Source Assessor
Lot Size Square Feet 14741
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 28
Number of Separate Gas Meters 28
Number of Separate Water Meters 2
Parking Features Garage
Total Parking 14
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 90813

Price
AVG $1.25M
$6.75M
Visits
AVG 140
33
Year Built
AVG 1939
1961
Walkscore
AVG 87
87
Data Provided by Walkscore ® not using MLS data

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