Spanish

1924 Cedar Avenue

Long Beach , CA 90806

MLS#: PW25191546

$2,075,000

Status: Active
Listing number: PW25191546
Listing provided by: Sage Real Estate Group, Inc.
Listing agent phone: None
Last update: 5 hours ago
New on site 1 day ago
Browse Properties
Wrigley Area (WR) - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1932

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Wall Furnace

Exterior

  • Garage

    Yes

  • Garage spaces

    8

  • Pool

    Yes

  • Pool Features

    None

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.187

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

  • Architectural Style

    Spanish

Price

  • Sales Price

    $2,075,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    17

  • Water Source

    Public

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Location

County

Los Angeles

Elementary School

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Listing Courtesy of Cody Charnell , Sage Real Estate Group, Inc.

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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.

1924 Cedar Avenue

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