1924 Cedar Ave

Long Beach CA 90806

0.19 ac.

Multi-Family

Currently for sale - view listing

Overview

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

7 bedrooms

4 bathrooms

0.19 ac. lot size

Multi-Family

Property history for 1924 Cedar Ave

2019

Sold

Undisclosed

19 Sep 2019

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Local market activity for 7 bedroom multi families in Long Beach

In the last 12 months, 2 seven-bedroom multi families similar to 1924 Cedar Ave, have been sold.

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Cody Charnell

at SAGE REAL ESTATE

View listing

Sales:: (619) 566-0008

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