$1,595,000
 $8,562 est/mo Sourced by Back At You

419 Cedar,Long Beach, CA 90802

Long Beach, CA 90802

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Description

Great Downtown location blocks away from shopping, restaurants and so much more. Lower level contains a " MEETING ROOM"with its own bath. By adding a shower a stove and a front door- could potentially be a LOW COST ADU adding at least 1500.00 per month to income. (2) 1 bedroom tenants have given notice so there is potential for market rents. Classic building with great unit mix (1) 2 bedroom unit (4) 1 bedroom units and (1) studio unit along with (2) garages which potentially be a 2nd ADU. Laundry room leased for additional income. Nice backyard. Substantial upside in rents. Security cameras. Current Cap rate of 6 With 30% down, a new borrower could get a new loan of 70% LTV

Details

MLS #PW26195086
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1910
Days On Site52
Listing Provided ByP.R.S. Properties | Steve Gamez

Features

SQ Feet4,600
Garage2
Story(s)2
Units6
Building(s)2
Acreage0.12

Exterior

Lot FeaturesSixteen To Twenty Units Acre

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesStreet Lights, Sidewalks, Urban

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90802
Area4 Downtown Area | Alamitos Beach
Community NameDowntown (DT)
Listing VS Median (in Downtown (DT))
Price:
$1,595,000
low | high
Med:
$412,000
100% of Average
sqft:
4,600
low | high
Med:
737
100% of Average
$ / sqft:
$347
low | high
Med:
$560
11.643255532839% of Average
On site:
52
low | high
Med:
134.5
38.661710037175% of Average
Sourced by Back At You

Market Activity 90802

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Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90802
Area4 Downtown Area | Alamitos Beach
Community NameDowntown (DT)
Listing VS Median (in Downtown (DT))
Price:
$1,595,000
low | high
Med:
$412,000
100% of Average
sqft:
4,600
low | high
Med:
737
100% of Average
$ / sqft:
$347
low | high
Med:
$560
11.643255532839% of Average
On site:
52
low | high
Med:
134.5
38.661710037175% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.196M - $1.993M
sqft: 3,000 - 5,500
Nearby Listings Property ImageNearby Listings Details
1253 E 4th Property Photo 1
$1,200,000
1253 E 4th
Long Beach, CA 90802
Listing Updated: October 22, 2026 at 12:38:44 PM PDT