$1,100,000
UNDER CONTRACT

Estimated payment $6,745/month

Total Views 3,078
5 Beds
3 Baths
1,992 Sq Ft
$552 Price per Sq Ft

Highlights

  • Private Yard
  • Cooling Available
  • 1-Story Property
  • No HOA
  • Laundry Room

About This Home

Located in Long Beach’s vibrant Wrigley neighborhood, 2332 Cedar Ave is extensively renovated and ready for move-in! As you drive down the long private driveway with ample off-street parking, you’re greeted by a charming Spanish Colonial-style front house featuring 2 bedrooms and 1 bathroom. This home has been thoughtfully updated with new flooring, countertops, modern cabinetry, light fixtures, mini split AC, and a full electrical rewire. The home is leased to long term tenants paying great rent!

Tucked midway through the 6,500 sq ft lot is a brand-new, all-electric 2-bedroom, 1-bath ADU completed in 2025, featuring a separate meter, new roof, premium finishes, and washer/dryer hookups—currently move-in ready!

At the rear is a stylishly updated 1-bedroom, 1-bath unit, built in 1951, with new mini split AC, new wiring, and a new main gas line. This unit is leased at market rent!

Additional upgrades include a new main water line serving all units, new windows, flooring, kitchen cabinets, countertops, light fixtures, and exhaust hoods throughout. Whether you're an investor or planning to live in one unit while offsetting your mortgage, this is a smart move for any buyer.

Listing Agent

Chris Crosby

Buckingham Investments, Inc Brokerage Phone: 650-549-4849 License #02116879 Listed on: 07/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,159

Year Built

  • Built in 1924

Lot Details

  • 6,502 Sq Ft Lot
  • 1 Common Wall
  • Private Yard
  • Front Yard

Home Design

  • Duplex

Interior Spaces

  • 1,992 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Tandem Uncovered Parking
  • Shared Driveway

Location

  • Suburban Location

Utilities

  • Cooling Available
  • Private Sewer

Listing and Financial Details

  • Legal Lot and Block 8 / 4
  • Tax Tract Number 11934
  • Assessor Parcel Number 7205016008
  • $1 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Wrigley Area Subdivision

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Trash Expense $460
  • Water Sewer Expense $1,700
  • Operating Expense $25,710
  • Gross Income $78,600
  • Net Operating Income $50,532

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,159

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.60
  • Price Per Unit: 366667
  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 1700.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7205016008
  • Year Built: 1924
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: UnderContract

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 552.21
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Shared Driveway, Tandem Uncovered
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Sewer: Private Sewer
  • Trash Expense: 460.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 6502.00
  • Lot Size Acres: 0.1493

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 78600.00
  • Gross Multiplier: 13.90
  • Gross Scheduled Income: 78600.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 6502.0000 Square Feet
  • Net Operating Income: 50532.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 25710.00
  • Rent Control: Yes
  • Total Expenses: 25710.00

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 5731.02
  • Tax Lot: 8
  • Tax Tract Number: 11934
  • TaxOtherAnnualAssessmentAmount: 1.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $9,159 $703,800 $492,660 $211,140
2024 $9,159 $690,000 $483,000 $207,000
2023 $1,416 $76,051 $55,114 $20,937
2022 $1,344 $74,561 $54,034 $20,527
2021 $1,307 $73,100 $52,975 $20,125
2020 $1,304 $72,351 $52,432 $19,919
2019 $1,290 $70,933 $51,404 $19,529
2018 $1,171 $69,544 $50,397 $19,147
2016 $1,077 $66,845 $48,441 $18,404
2015 $1,041 $65,842 $47,714 $18,128
2014 $1,048 $64,553 $46,780 $17,773
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 For Sale $1,100,000 +59.4% $552 / Sq Ft
08/18/2023 08/18/23 Sold $690,000 +6.2% $502 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $650,000 -- $473 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $690,000 Orange Coast Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $552,000 New Conventional
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25152977

California Regional Multiple Listing Service (CRMLS)

APN: 7205-016-008