2015 Cedar Ave Long Beach, CA 90806
South Wrigley NeighborhoodEstimated payment $10,853/month
About This Home
Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. With rents slightly below market, the asset provides stable cashflow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.
Listing Agent
Skyline Commercial Real Estate Brokerage Phone: 714-767-7039 License #02179841 Listed on: 01/26/2026
Co-Listing Agent
Skyline Commercial Real Estate Brokerage Phone: 714-767-7039 License #01983950
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 6,375 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 6 Car Garage
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 7,226 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 22
- Tax Tract Number 5161
- Assessor Parcel Number 7209025023
- $2,126 per year additional tax assessments
Community Details
Overview
- 10 Units
- Wrigley Area Subdivision
Amenities
- Laundry Facilities
Building Details
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $48,620
- Gross Income $182,700
- Net Operating Income $128,599
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,598 | $384,063 | $125,404 | $258,659 |
| 2024 | $6,598 | $376,534 | $122,946 | $253,588 |
| 2023 | $6,467 | $369,152 | $120,536 | $248,616 |
| 2022 | $6,115 | $361,915 | $118,173 | $243,742 |
| 2021 | $5,929 | $354,819 | $115,856 | $238,963 |
| 2019 | $5,843 | $344,817 | $112,421 | $232,396 |
| 2018 | $5,619 | $338,067 | $110,217 | $227,850 |
| 2016 | $5,150 | $324,441 | $105,938 | $218,503 |
| 2015 | $4,976 | $319,568 | $104,347 | $215,221 |
| 2014 | $4,999 | $313,309 | $102,303 | $211,006 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/26/2026 01/26/26 | For Sale | $2,000,000 | -- | $277 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP26018192
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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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