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1924 Cedar Ave
For Sale $2,075,000
$2,075,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 8,145 Sq Ft
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,075,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 8 spots |
| Year Built | 1932 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7209023019 |
| MLS # | PW25191546 |
| Property ID | 292028894 |
| Lot Sqft | 8,145 |
| Zoning | LBR2N |
| Total Units | 8 |
| Days on Market | 107 |
| Original List Price | $2,075,000 |
| Date Updated | August 25, 2025 |
| Date Created | August 25, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $15,251 | $0 |
| Net Income (Yr) | $ 113,628 |
| Cap Rate | 5.5% |
Listing Provided By
Cody Charnell an agent of . Lic #01950585
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of August 25, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT