NOT LISTED FOR SALE

2033 Cedar Ave Long Beach, CA 90806

South Wrigley Neighborhood
5 Beds
5 Baths
6,340 Sq Ft
6,706 Sq Ft Lot

Last Sold July 18, 2023

Last sale price $1,950,000 $308 Per Sq Ft

88 Days on Market

About This Home

As of July 2023

2033 Cedar Avenue is a nicely landscaped 8-unit apartment building on a tree-lined street in Long Beach, California. The property consists of two buildings with a shared courtyard on a 6,706-square-foot lot, and an attractive mix of two- bedroom, one-bedroom, and studio units
Approximately two-thirds of the units have been renovated with new interior paint throughout, new kitchen and vanity cabinets, granite or new Formica countertops and Life- Proof locking or linoleum flooring. Each unit in the front building has a dedicated laundry room with washer/dryer and hot water heater. The rear building has one shared laundry room equipped with a washer/dryer. Located five minutes from Downtown Long Beach and just a few minutes away from the 710 and 405 freeways, 2033 Cedar Avenue provides a new owner with a well-located property at 12.92 x gross on current rents.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 02/18/2023

Keller Williams Realty Downey

Co-Listed By

Larry Bustamante

Keller Williams Realty Downey License #00762602

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,706 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 6,340 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Listing and Financial Details

  • Legal Lot and Block 20 / 2
  • Tax Tract Number 5161
  • Assessor Parcel Number 7209025021
  • $1,557 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Wrigley Area Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $5,389
  • Maintenance Expense $4,800
  • Other Expense $2,400
  • Pest Control $900
  • Professional Management Expense $8,073
  • Water Sewer Expense $3,940
  • New Taxes Expense $26,608
  • Operating Expense $53,710
  • Gross Income $161,458
  • Net Operating Income $107,748

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Price Per Unit: 268750
  • Professional Management Expense: 8073.00
  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 3940.00
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7209025021
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 307.57

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Inside, Stackable
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6706.00
  • Lot Size Acres: 0.1539

Multi Family

  • Gross Income: 161458.00
  • Gross Scheduled Income: 166452.00
  • Insurance Expense: 5389.00
  • Lot Size Area: 6706.0000 Square Feet
  • Maintenance Expense: 4800.00
  • Net Operating Income: 107748.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 53710.00
  • Other Expense: 2400.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 53710.00

Tax Info

  • New Taxes Expense: 26608.00
  • Tax Block: 2
  • Tax Census Tract: 5779.00
  • Tax Lot: 20
  • Tax Tract Number: 5161
  • TaxOtherAnnualAssessmentAmount: 1557.00

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
07/18/2023 07/18/23 Sold $1,950,000 -9.3% $308 / Sq Ft
05/17/2023 05/17/23 Pending -- -- --
02/18/2023 02/18/23 For Sale $2,150,000 -- $339 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Stepp

    Seller's Agent in 2023

    Robert Stepp

    Keller Williams Realty Downey

    (310) 804-5079

    1 in this area

    71 Total Sales

    Robert Stepp
    Section Image
  • Larry Bustamante

    Seller Co-Listing Agent in 2023

    Larry Bustamante

    Keller Williams Realty Downey

    (323) 481-9788

    1 in this area

    12 Total Sales

    Larry Bustamante
    Section Image
  • Anthony Walker

    Buyer's Agent in 2023

    Anthony Walker

    Buckingham Investments, Inc

    (310) 982-7055

    5 in this area

    80 Total Sales

    Anthony Walker
    Section Image
  • Josh Ess

    Buyer Co-Listing Agent in 2023

    Josh Ess

    Buckingham Investments, Inc

    (310) 982-7055

    2 in this area

    26 Total Sales

    Josh Ess
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23027872

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90806 South Wrigley

2033 Cedar Ave, Long Beach, CA

This home is located at 2033 Cedar Ave, Long Beach, CA 90806 since 18 February 2023. This property was built in 1929. 2033 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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