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For Sale

619 Cedar Avenue 1, 3, 4

619 Cedar Avenue 1, 3, 4, Long Beach, CA 90802

$600,000

Discover a prime opportunity in the heart of Downtown Long Beach with this unique offering of three Own-Your-Own units at 619 Cedar Avenue. This bundle includes two studio apartments and a single 1-bedroom unit. Perfectly positioned within walking distance to Pine Avenue's vibrant dining and entertainment scene, and close to metro rail services, these units are primed for solid rental demand. Currently, rents are below market value, offering significant upside potential with a proforma cap rate of 6.5%. Ideal for those looking to capitalize on Long Beach's dynamic rental market, these units present a chance to secure a low-maintenance property with a high return on investment.

1,526 Sq.Ft. LIVING AREA

7,501 Sq.Ft. lot

Mark Kelaidis

title Real Estate Advisor
PHONE 949.594.9600
EMAIL [email protected]
DRE # 01920052

Nikko Kelaidis

title Real Estate Advisor
PHONE 949.230.6756
EMAIL [email protected]
DRE # 02007389

Features & Amenities

Interior

Laundry room Common Area

Area & Lot

Status For Sale
Living Area1,526 Sq.Ft.
Lot Area7,501 Sq.Ft.
MLS® IDOC24078744
TypeMulti-Family
YEAR BUILT1955
NeighborhoodLong Beach

Exterior

STORIES1
water SourcePublic
PoolNone
lot featuresNear Public Transit
sewerPublic Sewer

Financial

Sales Price$600,000
Maintenance Fee $2,296/mo
Zoning LBPD10

Discover a prime opportunity in the heart of Downtown Long Beach.
– Nikko Kelaidis

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Contact Details

Kelaidis Group

Phone

949.230.6756

[email protected]

Address

5536 2nd St, Long Beach, CA 90803 Mark Kelaidis | CA DRE# 01920052

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