1123 Cedar Avenue
- California
- Long Beach
Property Information
- Address: 1123 Cedar Avenue
- City: Long Beach
- State: California
- Zip Code: 90813
- Units: 11
- Price: $2,530,000
Property Financials
- Price per Unit: $230,000
- Price per SF: $303
- Current Cap Rate: 6.55%
- Market Cap Rate: 7.57%
- Current GRM: 10.09
- Market GRM: 9.08
Property Description
Highlights
- 6.55% In-Place Cap Rate / 7.57% Pro Forma Cap Rate
- Balanced Unit Mix of Two-Bedrooms and One-Bedrooms
- Updated Plumbing & Electrical
- Strong ADU Potential with 6 Garages
- Commuter-Oriented Downtown Long Beach Location, Proximity to 710 Freeway
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