338 Cedar ave, Long Beach, CA 90802

Pending

$4,325,000

17 Units

12 Beds

10 Baths

10,150 Area(sq.ft.)

Lot: 7,503 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	1	3	2	No	$ 2,195	$ 2,195	$ 2,500
Unit 2	1	3	2	No	$ 2,195	$ 2,195	$ 2,500
Unit 3	3	2	2	No	$ 2,462	$ 7,386	$ 2,528
Unit 4	2	2	2	No	$ 2,148	$ 4,296	$ 2,395
Unit 5	10	1	1	No	$ 1,659	$ 16,590	$ 1,795
Unit 6	3	1	1	No	$ 1,697	$ 5,091	$ 195
	20	29	27		$ 37,753	$ 216,313	$ 35,909

MLS #:	PW23183991MR
Days On Market:	796
Listing Date:	October 2, 2023
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 426
Price per unit:	$ 254,412
Year Built:	1918

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 10.98 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers.The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.