2059 Cedar Avenue
Long Beach — 14 units / 9,399 sf building
Listing Agent: Tyler Leeson, Marcus & Millichap RE Invest
Units
14
Building Size
8,729 sf
Lot Size
8,836 sf
Status
Active
Listing Agent: Tim Ho, First Team Real Estate
Long Beach
About This Property
***Major Price Reduction***Excellent mixed-use investment opportunity on Pacific Coast Highway offered at a 6.63% cap rate. The property features a two-story building with 11 residential units and 11 on-site parking spaces, providing stable residential income. Many of the residential units have been refreshed, enhancing rental value. The sale also includes 1561 W Pacific Coast Hwy, a separate 3-tenant storefront retail building with prime frontage on PCH. Strong in-place cash flow with diversified residential and commercial income in a high-traffic location.
Neighborhood
This property is located in Long Beach. Want to learn more about the area?
Explore CommunitiesAsking Price
$2,749,000
An agent at The Ave. will respond, not the listing agent.
Listing Agent
Tim Ho
First Team Real Estate