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Image 1 - 314 West Cobre Way, Long Beach, CA 90802, USA - House for sale
Image 2 - 314 West Cobre Way, Long Beach, CA 90802, USA - House for sale
Image 3 - 314 West Cobre Way, Long Beach, CA 90802, USA - House for sale
Image 4 - 314 West Cobre Way, Long Beach, CA 90802, USA - House for sale
Image 5 - 314 West Cobre Way, Long Beach, CA 90802, USA - House for sale
Image 6 - 314 West Cobre Way, Long Beach, CA 90802, USA - House for sale
Image 7 - 314 West Cobre Way, Long Beach, CA 90802, USA - House for sale
Image 8 - 314 West Cobre Way, Long Beach, CA 90802, USA - House for sale
Image 9 - 314 West Cobre Way, Long Beach, CA 90802, USA - House for sale
Home For Sale In Long Beach, California
314 West Cobre Way, Long Beach, CA 90802, USA

Home For Sale In Long Beach, California

house for sale
Listed: 04/23/24

314 West Cobre Way, Long Beach, CA 90802, USA

1 Bed:
3 Bath:
1,526 Sq Ft Living Area:
Save
Price
$ 600,000

About This House

Discover a prime opportunity in the heart of Downtown Long Beach with this unique offering of three Own-Your-Own units at 619 Cedar Avenue. This bundle includes two studio apartments and a single 1-bedroom unit. Perfectly positioned within walking distance to Pine Avenue's vibrant dining and entertainment scene, and close to metro rail services, these units are primed for solid rental demand. Currently, rents are below market value, offering significant upside potential with a proforma cap rate of 6.5%. Ideal for those looking to capitalize on Long Beach's dynamic rental market, these units present a chance to secure a low-maintenance property with a high return on investment.

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Long Beach Housing & Living

Household Income

Median household income: $61,610
Number of households: 173,432
The average household income in Long Beach, CA grew from $60,557 to $61,610 in the past year. This data is an estimate based upon 173,432 households in Long Beach, CA.
The chart below presents how household income is distributed in Long Beach, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Long Beach, CA compared to median property taxes around the country. The prevalent amount of property taxes in Long Beach, CA equals $3k+ , which is more than the national average.