2309 Cedar Avenue $4,600,000

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    2309 Cedar Avenue Long Beach, CA 90806

    Active Under Contract
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    • 0 Beds
    • 0 Baths
    • 6,579 sq. ft.
    • Multi-Family
    • MLS# PW22013010
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    Views: 93 Days On Market: 125

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    Property Details

    Look no further! Add 2309 and 2317 to your property portfolio and watch the profits flow! 2309 Cedar Ave and 2317 Cedar Ave offered at $4,600,000. to be sold together as joined by one common courtyard. Walk into this gated community to find yourself in the recently re-landscaped courtyard. Beautiful Olive tree in the center with plants that wrap around it and plants in front of the units. Two properties have one building on each lot. Each building has 8 large units, 16 units together. Total of four 2 bed 2 bath, and total of twelve 1 bed 1 bath. Total of four 1 bed 1 bath have private balconies. Each unit is spacious and has tons of storage. All units have been upgraded. Refinished hardwood floors or vinyl planks, granite counter tops in baths and kitchens. Total of twelve 1 car garages. Laundry room completely overhauled in 2019 for extra income. Upgrades include: new plumbing, 4 washer hook-ups, 4 dryer hook-ups, 3 new energy efficient stack-able washer and dyers, new flooring, new paint, new water heater cover, new light fixture, and new door that leads out the freshly laid pebble on the side yard. Highly desirable rental area! Great long term tenants! Great Location! Great income! Great opportunity! This won't last! See you in escrow!

    • General Features
      • Buyer Compensation 2.000 %
      • Community Features Curbs, Gutters, Sidewalks
      • County Or Parish Los Angeles
      • Number Of Buildings 2
      • Number Of Separate Electric Meters 16
      • Number Of Separate Gas Meters 16
      • Number Of Separate Water Meters 2
      • Number Of Units Total 16
      • Subdivision Name Wrigley Area (WR)
      • YearBuilt 1962
    • Building Features
      • Laundry Features Common Area
    • Property Features
      • Lot Size Acres 0.14
      • Lot Features Front Yard, Landscaped, Lawn, Sprinklers Drip System, Sprinklers In Front
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 12.00

    Contact

    Tony Barberi

    Tony Barberi

    Global Real Estate Advisor

    DRE# 01351812

    1144 Highland

    Mobile Phone: 310-529-2344

    Neighborhood

    90806 (Long Beach) Demographics

    33 Median Age
    11,824 Population Density (per sq. mile)
    24% College Educated
    $54,437 Estimated Median Income
    4,503 Estimated Total Home Owners
    8,285 Estimated Total Renters
    35% / 65% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    41,990 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $829,000 Median Sales Price
    12 Homes Sold
    11 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $4,600,000
        2/9/2022 2:01:44 PM Price Reduced Source: Multiple Listing Service New Value: $4,600,000 -8%
        1/21/2022 9:04:00 PM New in Database Source: Multiple Listing Service New Value: $5,000,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 5/26/2022 7:20:53 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.