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Listed by Cody Charnell • Sage Real Estate Group, Inc.
$ 2,075,000
Est. payment /mo
New
1924 Cedar AVE Long Beach, CA 90806
8,145 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25191546
Style Spanish
Year Built 1932
Lot Size 8,145 Sqft
Source California Regional MLS
Property Description
Spanish-style 8-unit apartment building located in the South Wrigley neighborhood of Long Beach. The property recently received a full exterior refresh and the interiors have been renovated at different times over the past five years. The building is in good condition with strong in-place rents, offering stable income and future upside. The property includes 8 garages at the rear that are currently unused and offer a new owner several opportunities to add value. A new owner could: Lease the garages for extra parking income, Convert the garages into ADUs, or take advantage of SB 1211, which may allow up to 8 new ADUs on the site (buyer to verify). If developed, 8 new studio ADUs rented at $1,500/month could add $144,000 in gross annual income. This property offers classic curb appeal, updated interiors, steady cash flow, and multiple opportunities to increase revenue.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Heating Wall Furnace
Cooling None
Laundry Laundry Area
Exterior
Garage Spaces 8.0
Pool 31, None
View None
Building
Water District - Public
Architectural Style Spanish
Others
Tax ID 7209023019
Special Listing Condition Not Applicable
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