NOT LISTED FOR SALE

Estimated Value: $991,000 - $1,125,292

5 Beds
3 Baths
1,992 Sq Ft
$536/Sq Ft Est. Value

Sale Details

Date Sold: September 19, 2025

Last sale price $1,100,000 $552 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,661 / mo

49 Days on Market

Highlights

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

About This Home

As of September 2025

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.

Last Agent to Sell the Property

Chris Crosby

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

Last Buyer's Agent

Sotheary Sar

Re/Max Top Producers License #02076450

Re/Max Top Producers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

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

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,992 Sq Ft Home
  • 1-Story Property
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

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

  • Tenant pays for electricity, gas
  • 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

Amenities

  • Laundry Facilities

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

Year Built

Built in 1924

Lot Details

6,502 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 4.60
  • 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: None

Interior Features

  • Fireplace: No
  • Stories: 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

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
Jul 8, 2025
Closed on
Sep 17, 2025
Sold by
Bought by
Seller's Agent
Chris Crosby
Buckingham Investments, Inc
Buyer's Agent
Sotheary Sar
Re/Max Top Producers
List Price
$1,100,000
Sold Price
$1,100,000
Views
24
Current Estimated Value
$1,067,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,427
Avg. Annual Appreciation
-3.38%
Original Mortgage
$770,000
Interest Rate
0.0663%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jul 8, 2025
Closed on
Sep 15, 2025
Sold by
Bought by
Seller's Agent
Chris Crosby
Buckingham Investments, Inc
Buyer's Agent
Sotheary Sar
Re/Max Top Producers
List Price
$1,100,000
Sold Price
$1,100,000
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
0.0663%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jul 13, 2023
Closed on
Jul 25, 2023
Sold by
Bought by
Seller's Agent
Shannon Jones
Keller Williams Pacific Estate
Buyer's Agent
Chris Crosby
Buckingham Investments, Inc
List Price
$650,000
Sold Price
$690,000
Premium/Discount to List
$40,000
6.15%
Views
68

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.00%
Original Mortgage
$552,000
Interest Rate
0.0681%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2002
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

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
$1,100,000 Old Republic Title
-- Old Republic Title Company
$690,000 Orange Coast Title
-- --
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 $770,000
Closed $552,000
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 Prior Sale
09/19/2025 09/19/25 Sold $1,100,000 0.0% $552 / Sq Ft
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 View Prior Sale
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)

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 $9,582 $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

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25152977

California Regional Multiple Listing Service (CRMLS)

APN: 7205-016-008

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