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702 Cedar AVE Long Beach, CA 90813
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Key Details
Sold Price $450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID OC14023939
Sold Date 03/26/14
HOA Y/N No
Year Built 1920
Tax Year 2012
Lot Size 3,746 Sqft
Property Description
Three units (One Studio, One - One Bedroom, One Commercial) located in the Willmore City Historic District. Excellent cash flow with upside, only 12.39 GRM on market rents. Both structures were extensively renovated (plumbing, electrical, structural, hard scape, cosmetic) in 2013, over $135K in improvements.
Great access from multiple transportation nodes. Many of the 4,000+ City Hall employees frequent this intersection. Commercial space has new outdoor patio, tremendous potential for a coffee shop, café, restaurant. Ample parking available along Cedar Ave and 7th.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Exterior
Garage Unassigned
Pool None
Community Features Curbs
Utilities Available Sewer Connected
Parking Type Unassigned
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story Multi/Split
Entry Level Multi/Split
Water Public
Level or Stories Multi/Split
Others
Tax ID 7272020011
Acceptable Financing Cash, Cash to New Loan, Conventional, Owner May Carry
Listing Terms Cash, Cash to New Loan, Conventional, Owner May Carry
Financing Seller Financing
Special Listing Condition Standard
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Bought with George Bustamante • Coldwell Banker Commercial
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