338 Cedar Avenue Long Beach, CA 90802

This exceptional 17-unit multifamily investment property is situated in the heart of Downtown Long Beach, California, at 338 Cedar Avenue, zip code 90802. The property boasts a desirable mix of unit sizes, including two three-bedroom units, five two-bedroom units, and ten one-bedroom units, all meticulously renovated. Each unit features modern upgrades such as recessed lighting, new flooring, updated kitchens with new countertops, cabinetry, and stainless steel appliances, and stylish bathrooms with new vanities, tiling, and fixtures. A significant advantage is the inclusion of in-unit washers and dryers in every unit. The building offers secured access for enhanced resident safety and peace of mind. This prime location places residents steps away from a vibrant array of retail and dining options. Furthermore, the property enjoys proximity to the extensive $520 million, 22-acre Civic Center redevelopment project and is a mere two-minute walk from the Metro A Blue Line Pacific Station, providing convenient access to public transportation. The property is offered at a 10.98 GRM based on current rental income. The lot size is approximately 0.23 acres, and the building encompasses 10,152 square feet. This presents a compelling opportunity for investors seeking a high-return, well-maintained multifamily asset in a thriving urban environment.