$920,000
$850,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
3 Baths
2,485 SqFt
SOLD DATE : 09/11/2024
Key Details
Sold Price $920,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,485 sqft
Price per Sqft $370
Subdivision Wrigley Area (Wr)
MLS Listing ID PW24151591
Sold Date 09/11/24
Bedrooms 6
Full Baths 3
HOA Y/N No
Year Built 1920
Lot Size 8,150 Sqft
Property Description
We are pleased to bring to market the opportunity to acquire a gorgeous Spanish style triplex located at 1941-1945 Cedar Ave, Long Beach, California. This stunning triplex located in the vibrant South Wrigley neighborhood features all two-bedroom/one-bathroom units and a detached garage/storage area. Currently, one of the units available creating an opportunity for an owner user to occupy the space or lease up as a pure investment. Savvy investors have the option to potentially convert detached garage into an ADU (buyer to verify with City of Long Beach) increasing the overall return. The triplex is near Pacific Ave., the main commercial corridor of Wrigley, which features popular dining/drinking and shopping establishments. The property is within a half mile of the Metro A-Line Pacific Coast Highway Station and nearby Long Beach Transit bus stops allowing for easy commuting.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR2N
Rooms
Main Level Bedrooms 6
Interior
Interior Features All Bedrooms Down
Cooling None
Fireplaces Type Decorative
Fireplace Yes
Laundry None
Exterior
Parking Features None
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Gutter(s), Storm Drain(s), Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Attached Garage No
Total Parking Spaces 3
Private Pool No
Building
Lot Description Rectangular Lot, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Long Beach Unified
Others
Senior Community No
Tax ID 7209026018
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA
Financing Cash to New Loan
Special Listing Condition Standard, Trust
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Bought with Harrison Hyde • Highland Partners Corp.