Seller's Agent in 2021
Spencer Pabst
Pabst, Kinney & Associates
(562) 884-6875
5 in this area
52 Total Sales
2552 Cedar Ave Long Beach, CA 90806
South Wrigley Neighborhood
3
Beds
7
Baths
3,447
Sq Ft
0.27
Acres
About This Home
As of April 20212552 & 2560 Cedar Ave. is an excellent investment opportunity in the North Wrigley area of Long Beach. The subject property consists of 7 units on two separate parcels (5,273 SF + 6,548 SF = Totaling 11,821 Lot SF). 2552 Cedar Ave. is a 5 unit property (former Harvey Line Motel) and is comprised of a two story townhouse style 2bd/1bth unit with a large basement (recently vacated and will delivered vacant), and (4) studio units. 2560 Cedar Ave. consists of a two unit two story structure located at the rear of lot, comprised of (1) 1bd/1bth unit, and (1) studio unit. The 2560 Cedar Ave. parcel is primarily all land which allows a potential buyer the opportunity to build 2-3 additional units. There are 6 single car garages on the property. Rents are extremely, extremely, extremely low and property is in need of upgrades and improvements. Two electric meters, one for each property, owner pays electricity. Priced to sell at $185,000 per unit. Don't miss this great investment opportunity.
Last Agent to Sell the Property
Pabst, Kinney & Associates License #01849377 Listed on: 01/15/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1937
Lot Details
- 0.27 Acre Lot
- Two or More Common Walls
- Private Yard
Parking
- 6 Car Garage
Home Design
- 3,447 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 7 Bathrooms
Listing and Financial Details
- Legal Lot and Block 12 / 1
- Tax Tract Number 40
- Assessor Parcel Number 7205004008
Community Details
Overview
- 2 Buildings
- 7 Units
- Wrigley Area Subdivision
Building Details
- 6 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gross Income $5,755
- Net Operating Income $69,060
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/07/2021 04/07/21 | Sold | $1,112,500 | -14.1% | $323 / Sq Ft |
| 01/15/2021 01/15/21 | For Sale | $1,295,000 | -- | $376 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,273 | $662,988 | $368,026 | $294,962 |
| 2024 | $9,273 | $649,989 | $360,810 | $289,179 |
| 2023 | $9,103 | $637,245 | $353,736 | $283,509 |
| 2022 | $4,487 | $226,295 | $99,325 | $126,970 |
| 2021 | $3,408 | $221,859 | $97,378 | $124,481 |
| 2020 | $3,399 | $219,585 | $96,380 | $123,205 |
| 2019 | $3,360 | $215,281 | $94,491 | $120,790 |
| 2018 | $3,182 | $211,061 | $92,639 | $118,422 |
| 2016 | $2,924 | $202,867 | $89,043 | $113,824 |
| 2015 | $2,819 | $199,821 | $87,706 | $112,115 |
| 2014 | $2,807 | $195,907 | $85,988 | $109,919 |
Source: Public Records
Agents Affiliated with this Home
-
Spencer Pabst
-
Anthony Walker
Buyer's Agent in 2021
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
5 in this area
90 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21009509
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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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