$1,407,000
$1,450,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
1497 Cedar AVE Long Beach, CA 90813
3,520 SqFt
Key Details
Sold Price $1,407,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,520 sqft
Price per Sqft $399
Subdivision Westside/South Of Willow (Wsw)
MLS Listing ID SB21165750
Sold Date 10/25/21
HOA Y/N No
Year Built 1941
Lot Size 7,553 Sqft
Acres 0.1734
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
Rooms
Ensuite Laundry CommonArea, ElectricDryerHookup, GasDryerHookup, LaundryRoom
Interior
Laundry Location CommonArea,ElectricDryerHookup,GasDryerHookup,LaundryRoom
Cooling WallWindowUnits
Fireplace No
Appliance GasOven
Laundry CommonArea, ElectricDryerHookup, GasDryerHookup, LaundryRoom
Exterior
Garage 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
Parking Type DirectAccess, Garage, GarageFacesRear
Total Parking Spaces 5
Private Pool No
Building
Lot Description FrontYard, Lawn, Landscaped, NearPublicTransit, StreetLevel
Story 2
Entry Level MultiSplit
Sewer PublicSewer
Water Public
Level or Stories MultiSplit
New Construction No
Others
Senior Community No
Tax ID 7269041006
Acceptable Financing CashtoNewLoan
Listing Terms CashtoNewLoan
Financing TrustDeed
Special Listing Condition Standard
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Bought with Ajith Puthanpurayil • LAX Realty, Inc.
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442