$1,045,000
SOLD DEC 2, 2025
4 Beds
4 Baths
2,516 Sq Ft
3,169 Sq Ft Lot

Recently Sold

$415 Per Sq Ft

2% Below List Price

108 Days on Market

Highlights

  • Main Floor Bedroom
  • Park
  • 4 Car Garage
  • Living Room
  • Tile Flooring
  • Wrought Iron Fence

About This Home

As of December 2025

Prime 4-Unit Investment Opportunity! Unlock the exceptional potential of this well-positioned multifamily asset in the heart of the South Wrigley sub-market of Long Beach. Each of the spacious 1 bed, 1 bath units offers approx. 630 square feet of living space with functional layouts and the ability to add in-unit laundry for increased rental appeal and tenant retention. Recent Cap Ex includes new roofs on both structures, upgraded electrical panel, seismic retrofit bolting and rebuilt front & rear staircases. Investors and owner-users alike have the opportunity to capture a 13% upside in rents, in an area poised for continued appreciation. The property includes 2 large-tandem garages offering ADU development potential (buyer to verify).
• Close proximity to the 710, 405, & 91 freeways and public transportation options including the Metro Blue Line with direct access to downtown Long Beach & Los Angeles. • Approximately 2 miles to the Long Beach Civic Center, Shoreline Village, and the waterfront district offering a wide range of dining, shopping, and entertainment options.
• Nearby access to recreational amenities like Cesar E. Chavez Park, the Wrigley Greenbelt, Lincoln Park and the L.A. River bike path.
South Wrigley is seeing a wave of transformation with ongoing infrastructure upgrades, new residential and mixed-use developments, and significant city investment in the surrounding area. Investors will benefit from being in the path of progress as Long Beach continues to revitalize and attract new residents and businesses alike.
Whether you're looking to expand your portfolio or capitalize on a high-potential asset in one of Long Beach’s most promising neighborhoods, 1990 Cedar Ave. is a must-see!

Last Agent to Sell the Property

Jeffrey Isenberg

Buckingham Investments, Inc Brokerage Phone: 818-795-4477 License #02059354 Listed on: 06/10/2025

Last Buyer's Agent

Ron Contreras

R. Steven Contreras Inc. License #02053171

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 3,169 Sq Ft Lot
  • 1 Common Wall
  • West Facing Home
  • Wrought Iron Fence
  • Wood Fence
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Flat Roof Shape
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,516 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Gas Range

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 1 / 4
  • Tax Tract Number 63
  • Assessor Parcel Number 7209023001
  • $749 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 4 Units
  • Wrigley Area Subdivision

Recreation

  • Park

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $2,800
  • Maintenance Expense $3,782
  • Trash Expense $1,559
  • Water Sewer Expense $798
  • New Taxes Expense $13,375
  • Operating Expense $23,669
  • Gross Income $1,500
  • Net Operating Income $51,223

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.80
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Wrigley Area (WR)
  • View: No
  • Water Sewer Expenses: 798.00
  • Zoning: LBR2N
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7209023001
  • Year Built: 1930
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 415.34
  • Room Type: Kitchen, Living Room, Main Floor Bedroom

Exterior Features

  • Direction Faces: West
  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Flat, Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1559.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard
  • Lot Size Sq Ft: 3169.00
  • Lot Size Acres: 0.0728

Rental Info

  • Garage Rental Rate: 125.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 629 Square Feet
  • Garage Income: 1500.00
  • Gross Income: 1500.00
  • Gross Multiplier: 13.60
  • Gross Operating Income: 74892.00
  • Gross Scheduled Income: 77208.00
  • Insurance Expense: 2800.00
  • Lot Size Area: 3169.0000 Square Feet
  • Maintenance Expense: 3782.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 51223.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 23669.00
  • Rent Control: Yes
  • Total Actual Rent: 6434.00
  • Total Expenses: 23669.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13375.00
  • Tax Block: 4
  • Tax Census Tract: 5730.04
  • Tax Lot: 1
  • Tax Tract Number: 63
  • TaxOtherAnnualAssessmentAmount: 749.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2025
Sold by
Weber Joseph D
Bought by
Marquez Gabriel Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,046,118
Interest Rate
6.27%
Mortgage Type
VA

Purchase Details

Listed on
Mar 20, 2019
Closed on
Apr 12, 2019
Sold by
The Wilson Family Survivors Trust
Bought by
Weber Joseph B
Seller's Agent
David Haas
Ernst & Haas Mngmnt Co., Inc.
Buyer's Agent
Jeffrey Isenberg
Buckingham Investments, Inc
List Price
$779,000
Sold Price
$790,000
Premium/Discount to List
$11,000
1.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.83%
Original Mortgage
$632,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2010
Sold by
Wilson Stephen M and Wilson Family Trust
Bought by
Wilson Stephen M and Wilson Family Survivors Trust

Purchase Details

Closed on
Oct 14, 2005
Sold by
Wilson Stephen M
Bought by
Wilson Stephen M and Wilson Faith F

Purchase Details

Closed on
Jul 19, 2005
Sold by
Wilson Faith F
Bought by
Wilson Stephen M

Purchase Details

Closed on
Jun 17, 2005
Sold by
Choong Phoebe
Bought by
Choong Phoebe and Sanchez Edward M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2005
Sold by
Stabeck Gloria
Bought by
Wilson Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2004
Sold by
Miranda William J
Bought by
Stabeck Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2003
Sold by
Smart Trent A
Bought by
Miranda William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 2002
Sold by
Stapleton Jackie L and West Jared John
Bought by
Smart Trent A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
6.28%

Purchase Details

Closed on
Sep 5, 2001
Sold by
Stepleton Jackie L
Bought by
Stapleton Jackie L and West Jared John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.91%

Purchase Details

Closed on
Sep 25, 1998
Sold by
Lozano Juanita
Bought by
Lozano Juanita Magana and Lozano Juanita Magana

Purchase Details

Closed on
Sep 28, 1994
Sold by
Lozano Juanita
Bought by
Sandoval Raquel Ferezi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,045,000 First American Title Company
Grant Deed $790,000 Ticor Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Chicago Title Co
Interfamily Deed Transfer -- Chicago Title Co
Grant Deed $710,000 Chicago Title Co
Grant Deed $540,000 Fidelity National Title Co
Grant Deed $440,000 Investors Title Company
Grant Deed $355,000 Chicago Title Co
Interfamily Deed Transfer $245,000 Chicago Title Co
Grant Deed $245,000 Chicago Title Co
Interfamily Deed Transfer -- --
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,046,118 VA
Previous Owner $632,000 New Conventional
Previous Owner $510,000 New Conventional
Previous Owner $378,000 Purchase Money Mortgage
Previous Owner $396,000 Purchase Money Mortgage
Previous Owner $355,000 No Value Available
Previous Owner $196,000 No Value Available
Closed $36,750 No Value Available
Closed $135,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2025 12/02/25 Sold $1,045,000 0.0% $415 / Sq Ft
09/26/2025 09/26/25 Pending -- -- --
08/18/2025 08/18/25 Price Changed $1,045,000 -2.3% $415 / Sq Ft
06/10/2025 06/10/25 For Sale $1,070,000 +35.4% $425 / Sq Ft
04/26/2019 04/26/19 Sold $790,000 +1.4% $314 / Sq Ft View Prior Sale
03/20/2019 03/20/19 For Sale $779,000 -- $310 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,486 $881,256 $446,205 $435,051
2024 $11,486 $863,977 $437,456 $426,521
2023 $11,289 $847,037 $428,879 $418,158
2022 $10,600 $830,429 $420,470 $409,959
2021 $10,381 $814,147 $412,226 $401,921
2019 $8,902 $680,000 $374,100 $305,900
2018 $8,211 $630,000 $346,600 $283,400
2016 $6,913 $550,000 $302,600 $247,400
2015 $6,171 $500,000 $275,100 $224,900
2014 $4,890 $380,000 $209,100 $170,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25126683

California Regional Multiple Listing Service (CRMLS)

APN: 7209-023-001