NOT LISTED FOR SALE

2360 Cedar Ave Long Beach, CA 90806

South Wrigley Neighborhood
5 Beds
5 Baths
5,644 Sq Ft
6,502 Sq Ft Lot

Last Sold February 27, 2015

Last sale price $975,000 $173 Per Sq Ft

204 Days on Market

Highlights

  • Spa
  • Spa Bath
  • Laundry Room
  • No HOA
  • Ceramic Countertops
  • Tile Flooring

About This Home

As of February 2015

8 unit building in great part of Wrigley. Large 1 bedroom units. Building has been meticulously maintained by current owners - no deferred maintenance. Newer exterior paint, interior paint, flooring and landscaping. Separately metered for both gas and electric. Great building to add to your portfolio. Laundry income via seller's own machines. Long Beach has no rent control. Tax rolls state 2 singles, but are very large (625 sq ft) and operate as 1 bedrooms. Stable tenant base w/ definite upside rent potential. Rents are actual, expenses are estimated. Great building to add to your portfolio! Proforma numbers are: $950/unit - $7700/mo - $92,400/yr. Proforma GRM = 10.82, Proforma Cap = 6.7%

Last Agent to Sell the Property

Julie Hughes

Realty One Group Homelink License #01360644 Listed on: 07/26/2014

Realty One Group Homelink

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946 | Remodeled

Lot Details

  • 6,502 Sq Ft Lot
  • No Common Walls

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 5,644 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Ceramic Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms
  • Spa Bath

Parking

  • 1 Car Garage
  • Parking Available

Outdoor Features

  • Spa
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 4
  • Tax Tract Number 5731
  • Assessor Parcel Number 7205016005

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $7,115
  • Net Operating Income $62,113

Property Details

Home Type

Multi-Family

Year Built

Built in 1946 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.21
  • Property Attached: No
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Wrigley Area (WR)
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7205016005
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceramic Counters, Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 172.75
  • Spa Features: Bath

Exterior Features

  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Lot Size Sq Ft: 6502.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 730
  • Average Studio Area: 625
  • Gross Income: 7115.00
  • Gross Multiplier: 11.71
  • Gross Scheduled Income: 85380.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6502.0000 Square Feet
  • Net Operating Income: 62113.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 20704.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 7015.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 4
  • Tax Lot: 5
  • Tax Tract Number: 5731

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
07/04/2025 07/04/25 Off Market -- -- --
05/08/2025 05/08/25 Price Changed $1,695 +6.3% --
02/01/2025 02/01/25 Price Changed $1,595 -5.9% --
10/26/2024 10/26/24 For Rent $1,695 0.0% --
02/27/2015 02/27/15 Sold $975,000 -7.1% $173 / Sq Ft
02/15/2015 02/15/15 Pending -- -- --
07/26/2014 07/26/14 For Sale $1,050,000 -- $186 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Julie Hughes

    Seller's Agent in 2015

    Julie Hughes

    Realty One Group Homelink

    (714) 393-5055

    23 Total Sales

    Julie Hughes
    Section Image

  • S

    Buyer's Agent in 2015

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    2 in this area

    89 Total Sales

    Steve Bogoyevac
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14159318

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90806 South Wrigley

2360 Cedar Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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