338 Cedar AVE Active

Long Beach,CA 90802

$ 4325000

- Bed

- Bath

10150 SqFt


Key Details

Property Type Commercial

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 10,150 sqft

Price per Sqft $426

Subdivision Downtown (Dt)

MLS Listing ID PW23183991

HOA Y/N No

Year Built 1918

Lot Size 7,501 Sqft

Acres 0.1722

Property Description

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.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPD30

Interior

Laundry Inside

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Confidential INFO

TERMS 1031 Exchange,Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE None

SHOW INSTRUCTIONS Please email rstepp@steppcommercial.com for offering memorandum. PLEASE DO NOT DISTURB TENANTS. Drive by only. Offers subject to inspection.

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