Highlights
- (4) 2-bedroom 1-bathroom units
- Two units delivered vacant
- Total gross income of $103,440, offered at 4.74% Cap Rate & 14.49 GRM
We are pleased to present 605 Cedar Ave, a Craftsman style 4 unit property located in the Willmore City Historic District in the North Pine neighborhood. This corner lot property boasts an impressive walk score of 94 and bike score of 88, making all that downtown Long Beach has to offer easily accessible. This property features four 2-bedroom 1-bathroom units, two of which will be delivered vacant at close. Each unit includes its own laundry room, hardwood floors and an updated kitchen and bathroom. Close access to Downtown, The Pike, Civic Center Project, Queen Mary Island Development, Aquarium of the Pacific, and the beach allows tenants to enjoy everything Long Beach has to offer.
