$ 2,075,000
-
$2,075,000
Price -
9
Bed -
6
Bath -
5,112
SqFt
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About the Listing 0173 - PWCHCODY
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.
Listing Highlights for 1924 Cedar Ave
Status
Active
Days on Site
11
Property Type
Multi-Family
MLS ®
PW25191546
Year Built
1932
Total Square Footage
5,112
Lot/Acreage
0.19
Interior Details
- Bedrooms: 9
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 6-10 Units/Acre,No Land Lease
- Garage Capacity: 8 car
- Parking Spaces: 8
- Zoning: LBR2N
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7209023019
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
1924 Cedar Ave Long Beach, CA 90806
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