1924 Cedar Ave Long Beach, CA 90806
South Wrigley NeighborhoodEstimated payment $12,946/month
Highlights
- Spanish Architecture
- Laundry Room
- Wall Furnace
- No HOA
About This Home
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.
Listing Agent
Sage Real Estate Group, Inc. Brokerage Phone: 562-896-3851 License #01950585 Listed on: 08/25/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1932
Lot Details
- 8,145 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 8 Car Garage
Home Design
- Spanish Architecture
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,112 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 14 Bedrooms
- 8 Bathrooms
Additional Features
- Urban Location
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 17 / 4
- Tax Tract Number 573
- Assessor Parcel Number 7209023019
- $1,541 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 8 Units
- Wrigley Area Subdivision
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Professional Management Expense $10,432
- New Taxes Expense $25,938
- Operating Expense $60,234
- Gross Income $183,012
- Net Operating Income $113,628
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/25/2025 08/25/25 | For Sale | $2,075,000 | +42.8% | $406 / Sq Ft | |
| 09/19/2019 09/19/19 | Sold | $1,453,000 | +12.2% | $284 / Sq Ft | View Prior Sale |
| 07/29/2019 07/29/19 | For Sale | $1,295,000 | -- | $253 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25191546
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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