Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
122 Total Sales
2 in South Wrigley
$675K - $850K Price Range
2015 Cedar Ave Long Beach, CA 90806
South Wrigley Neighborhood
3
Beds
3
Baths
7,226
Sq Ft
6,375
Sq Ft Lot
About This Home
As of April 2026Pleased 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.
Last Agent to Sell the Property
Skyline Commercial Real Estate Brokerage Phone: 714-767-7039 License #02179841 Listed on: 01/26/2026
Co-Listed By
Skyline Commercial Real Estate Brokerage Phone: 714-767-7039 License #01983950
Last Buyer's Agent
Skyline Commercial Real Estate Brokerage Phone: 714-767-7039 License #02179841 Listed on: 01/26/2026
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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
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 $44,835
- Gross Income $176,256
- Net Operating Income $57,591
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 26, 2026
Closed on
Mar 4, 2026
Sold by
Bought by
Seller's Agent
Ryan Pratt
Skyline Commercial Real Estate
Buyer's Agent
Ryan Pratt
Skyline Commercial Real Estate
List Price
$2,000,000
Sold Price
$1,600,000
Premium/Discount to List
-$400,000
-20%
Views
4
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Outstanding Balance
$754,065
Interest Rate
5.98%
Mortgage Type
Construction
Purchase Details
Closed on
Jan 24, 2008
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
6.09%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 30, 1998
Sold by
Bought by
Purchase Details
Closed on
Dec 3, 1997
Sold by
Bought by
Purchase Details
Closed on
Jan 27, 1990
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Wrigley, CA
-
Lynsey Russell
-
James McCormick
James McCormick
Real Broker
(657) 238-1775
29 Total Sales
1 in South Wrigley
$975,000 Price
-
Dave Shorter
Dave Shorter
David Shorter, Broker
(562) 418-5957
36 Total Sales
3 in South Wrigley
$790,000 Price Range
-
Kimiah Wyer
Kimiah Wyer
Keller Williams Realty
(562) 247-4034
47 Total Sales
1 in South Wrigley
$769,000 Price
-
Josh Stein-Sapir
Josh Stein-Sapir
Keyes Real Estate
(562) 456-3475
136 Total Sales
1 in South Wrigley
$865,000 Price
-
Shannon Daniele
Shannon Daniele
HomeSmart Realty Group
(562) 352-1142
34 Total Sales
2 in South Wrigley
$845,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,600,000 | Ticor Title | ||
| -- | Fidelity National Title Co | ||
| $245,000 | Benefit Land Title Company | ||
| $328,112 | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,120,000 | ||
| Previous Owner | $265,000 | ||
| Previous Owner | $1,600,000 | ||
| Previous Owner | $1,500,000 | ||
| Previous Owner | $650,000 | ||
| Previous Owner | $100,000 | ||
| Previous Owner | $485,000 | ||
| Previous Owner | $383,000 | ||
| Previous Owner | $80,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/14/2026 04/14/26 | Sold | $1,600,000 | -13.5% | $221 / Sq Ft |
| 03/23/2026 03/23/26 | Price Changed | $1,850,000 | -7.5% | $256 / Sq Ft |
| 01/26/2026 01/26/26 | For Sale | $2,000,000 | -- | $277 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,006 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Pratt
Seller's Agent in 2026
Ryan Pratt
Skyline Commercial Real Estate
(949) 942-8959
1 in this area
11 Total Sales
-
Chris Pettit
Seller Co-Listing Agent in 2026
Chris Pettit
Skyline Commercial Real Estate
(949) 688-6530
1 in this area
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP26018192
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.
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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