NOT LISTED FOR SALE

1924 Cedar Ave Long Beach, CA 90806

South Wrigley Neighborhood
4 Beds
6 Baths
5,112 Sq Ft
8,143 Sq Ft Lot

Last Sold September 19, 2019

Last sale price $1,453,000 $284 Per Sq Ft

12 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • 8 Car Garage

About This Home

As of September 2019

Charming Spanish style 8-unit Apartment Building. Well-maintained building with long term tenants. 4-1 Bedroom Units & 4-Single Units. 8 single garages off alley, on-site laundry, individually metered units. Only one unit has been completely remodeled, see photos.

Last Agent to Sell the Property

Craig O'Rourke

Coldwell Banker Realty License #01133381 Listed on: 07/29/2019

Coldwell Banker Realty

Last Buyer's Agent

Cody Charnell

Sage Real Estate Group, Inc. License #01950585

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 8,143 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 5,112 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 17 / 4
  • Assessor Parcel Number 7209023019

Community Details

Overview

  • 8 Units
  • Wrigley Area Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $489
  • Fuel Expense $1,645
  • Gardener Expense $1,200
  • Insurance Expense $2,074
  • Maintenance Expense $4,352
  • Professional Management Expense $2,640
  • Trash Expense $2,659
  • Water Sewer Expense $1,979
  • New Taxes Expense $16,187
  • Operating Expense $32,716
  • Gross Income $92,128
  • Net Operating Income $59,412

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

0

Parking

8

Listing Details

  • Professional Management Expense: 2640.00
  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 1979.00
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7209023019
  • Year Built: 1932
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 284.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2659.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 8143.00
  • Lot Size Acres: 0.1869

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 489.00
  • Fuel Expense: 1645.00
  • Gross Income: 92128.00
  • Gross Scheduled Income: 94020.00
  • Insurance Expense: 2074.00
  • Lot Size Area: 8143.0000 Square Feet
  • Maintenance Expense: 4352.00
  • Net Operating Income: 59412.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 8
  • Operating Expense: 32716.00
  • Rent Control: No
  • Total Expenses: 32716.00
  • Vacancy Allowance: 1892
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 16187.00
  • Tax Block: 4
  • Tax Census Tract: 5730.04
  • Tax Lot: 17

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2019 09/19/19 Sold $1,453,000 +12.2% $284 / Sq Ft
07/29/2019 07/29/19 For Sale $1,295,000 -- $253 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Craig O'Rourke

    Seller's Agent in 2019

    Craig O'Rourke

    Coldwell Banker Realty

    (310) 714-5452

    25 Total Sales

    Section Image
  • Cody Charnell

    Buyer's Agent in 2019

    Cody Charnell

    Sage Real Estate Group, Inc.

    (562) 896-3851

    3 in this area

    51 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19180296

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90806 South Wrigley

1924 Cedar Ave, Long Beach, CA

This home is located at 1924 Cedar Ave, Long Beach, CA 90806 since 29 July 2019. This property was built in 1932. 1924 Cedar Ave is a home located in Los Angeles County with nearby schools including Lafayette Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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