330 Cedar AVE, Long Beach, CA 90802
330 Cedar AVE, Long Beach, CA 90802
330 Cedar AVE, Long Beach, CA 90802
330 Cedar AVE, Long Beach, CA 90802
330 Cedar AVE, Long Beach, CA 90802
330 Cedar AVE, Long Beach, CA 90802
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 4,746,700
Est. payment | /mo

7 Beds

25 Baths

14,055 SqFt

Save
$ 4,746,700
Est. payment | /mo
Save

7 Beds

25 Baths

14,055 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 14,055 sqft

Price per Sqft $337

MLS Listing ID 25618923

Bedrooms 7

HOA Y/N No

Year Built 1915

Lot Size 7,514 Sqft

Property Description

PRICED TO SELL. Under 10 GRM and 6.0% CAP. 25 units in the heart of Downtown Long Beach. Excellent unit mix for the area. Well-maintained and professionaly managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). The building is blocks from over $8BB in redevelopment including the new Library and many new apartment complexes and restaurants. All unit interiors and common areas heavily updated. The buildings electrical was updated to a 400 AMP main panel and 60 AMPS in each unit and the roof was replaced in 2020. The building was also retrofitted in 1989. New laminate flooring throughout the common areas. Onsite laundry in the basement area. There is a separate house in the rear that has 2 large units - a 3 bed/1 bath and 1 bed/1 bath unit. Loan quote provided by David Guevara. Momenta Capital Group. Qualified Buyers can put as little as 28% down and earn over an 8% cash on cash return against in-place rents. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPD30

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Assigned

Total Parking Spaces 2

Building

Entry Level Three Or More,Multi/Split

Level or Stories Three Or More, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 7280015009

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jonathan Swire The Agency #01336277

Nearby Locations

Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

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330 Cedar AVE