2011 Cedar Avenue, Long Beach, CA 90806

True Pride of ownership 6-unit building located at 2011
Cedar Ave, Long Beach. Totaling 5,261 sqft, the subject
property is currently operating at a 5.94% cap rate and
11.38 GRM and is in the desirable Wrigley pocket of Lo ng
Beach. Wrigley attracts families and higher rents and has
a close proximity to transportation and highways for
commuter families.
2011 Cedar has an ideal unit mix of (6) 2Bed+1Bath units.
One unit can be delivered vacant for an owner user or
rented by the new owner to a tenant of their choosing. The
property features on site laundry and parking, allowing for
higher rents. There are 5 enclosed, private garages.
Garages can either be converted to 2 ADU’s or 2 ADU’s
may be built on top of the garages 2 avoid losing any
parking. ADU proforma is included in the OM on page 12.
The subject property is located just outside the $6
Billion of development flooding into Downtown Lon g
Beach, including the Long Beach Civic Center, Long
beach Aquarium, OceanAire Project, CSULB Downto wn
Village, Broadway Block, The Pacific and Queen Mary
Island.