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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.

Features
: No
: Wall Furnace
: No
: No
2
1
: Common Area
0
: Urban
: Spanish
Additional Information
Sage Real Estate Group, Inc.
0
PWCHCODY
0173
Cody
7209023019
: Standard
8
Two
35

Multi-Family For Sale

1924 Cedar Avenue, Long Beach, California 90806

5,112 Sqft
$2,075,000
Listing ID #PW25191546
Basic Details
Status : Active
DaysOnMarket : 0
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : PW25191546
Price : $2,075,000
Living Area : 5,112 Sqft
Lot Size : 8,145 Sqft
Year Built : 1932
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90806
Price Per Square Foot : $406
Subdivision : Wrigley Area (WR)
ModificationTimestamp : 2025-08-25 20:38:53
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