Long Beach, CA 90806,1924 Cedar Avenue
Long Beach, CA 90806,1924 Cedar Avenue
Long Beach, CA 90806,1924 Cedar Avenue
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$2,075,000
Est. payment /mo
5,112 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,112 sqft

Price per Sqft $405

MLS Listing ID CRPW25191546

HOA Y/N No

Year Built 1932

Lot Size 8,145 Sqft

Acres 0.19

Property Sub-Type Other

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

Zoning LBR2

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry Other

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 7209023019


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Bridge MLS
Listed by Cody Charnell • Sage Real Estate Group, Inc.

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1924 Cedar Avenue