2015 Cedar Ave
Long Beach, CA 90806
3
Bed
3
Bath
6,375Sqft(Lot)
Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the South Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. Recent improvements include an updated roof, electrical system, and unit interior renovations allowing for an investor to acquire a low maintenance building in a strong rental location. With rents slightly below market, this asset provides immediate cash-flow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1956Building Area Total: 7226Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 6375 Lot Size Acres: 0.1463 Lot Size Source: PublicRecords Lot Size Square Feet: 6,375 Lot Description: SixToTenUnitsAcreProperty Information
Subdivision: Wrigley Area (WR) Source Property Type: ResidentialIncome Property SubType: Mixed Use Property Age: 70
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Listing Price Information
Listing Price: $2045000Cash, CashToNewLoan, Exchange1031
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Tax Information
Parcel Number: 7209025023 Tax Lot: 22
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Parking Information
Parking Total: 6Garage Information
Has Garage: Yes Garage Space: 6
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Location Information
Direction: Cedar Ave and W 20th St WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1211 E Leigh Court, Long Beach, CA, 90806 | $635,000 | 3 | 2 | 2,000 | 2,327 Sq. Ft |
| 1125 E Salt Lake Street, Long Beach, CA, 90806 | $585,000 | 2 | 1 | 850 | 5,207 Sq. Ft |
| 2174 Linden, Long Beach, CA, 90806 | $850,000 | 3 | 2 | 1,444 | 5,414 Sq. Ft |
| 1844 Atlantic Avenue, Long Beach, CA, 90806 | $1,100,000 | 5 | 5 | -- | 4,890 Sq. Ft |
| 400 E 21st, Long Beach, CA, 90806 | $615,000 | 3 | 1 | 887 | 2,298 Sq. Ft |
| 3133 Cedar Avenue, Long Beach, CA, 90806 | $989,997 | 3 | 2 | 1,417 | 5,402 Sq. Ft |
| 3090 Eucalyptus Avenue, Long Beach, CA, 90806 | $929,900 | 2 | 2 | 1,384 | 4,951 Sq. Ft |
| 2129 Locust, Long Beach, CA, 90806 | $975,000 | -- | -- | 2,351 | 6,258 Sq. Ft |
| 3148 Magnolia, Long Beach, CA, 90806 | $1,139,000 | 4 | 4 | 2,106 | 5,512 Sq. Ft |
| 2240 Pine Avenue, Long Beach, CA, 90806 | $719,000 | 2 | 1 | 1,091 | 3,832 Sq. Ft |
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ByOwner last updated this listing 09/19/2026 @ 16:36
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