1924 Cedar Avenue, Long Beach, CA 90806

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$2,075,000

Est. payment - /mo

7 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID PW25191546

Bedrooms 7

Property Sub-Type Res Income 2-4 Units

Property Description

Spanish-style 8-unit apartment building located in the South Wrigley neighborhood of Long Beach. The property recently received a full exterior refresh and the interiors have been renovated at different times over the past five years. The building is in good condition with strong in-place rents, offering stable income and future upside. The property includes 8 garages at the rear that are currently unused and offer a new owner several opportunities to add value. A new owner could: Lease the garages for extra parking income, Convert the garages into ADUs, or take advantage of SB 1211, which may allow up to 8 new ADUs on the site (buyer to verify). If developed, 8 new studio ADUs rented at $1,500/month could add $144,000 in gross annual income. This property offers classic curb appeal, updated interiors, steady cash flow, and multiple opportunities to increase revenue.

Location

State CA

County Los Angeles

Zoning Assessor

Direction North of PCH between Pacific Ave and Magnolia Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7209023019

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Listed by Cody Charnell Sage Real Estate Group, Inc.

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

1924 Cedar Avenue Long Beach, CA 90806

Sheila Dadashzadeh

Key Details

Location

Interior

Exterior

Building

Others

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