1924 Cedar Avenue Long Beach, CA ^$ 2,075,000

1924 Cedar Avenue

^$ 2,075,000

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1924 Cedar Avenue

Long Beach, CA, 90806

^$ 2,075,000

Studio Baths1.0 Sq 5,112

Monthly Estimate*

^$ 12,945

Listed by Sage Real Estate Group, Inc.

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Studio

Multi-Family Home for sale in Long Beach, CA

for $2,075,000 with 1 full bath. This 5,112 square foot home was built in 1932 on a lot size of 0.187.

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.

Multi-Family Active

Price

^$ 2,075,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.187

Year Built

1932

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW25191546

Days on Market

123

Features

General

Sewer Public Sewer

Heating Wall Furnace

Cooling None

Zoning LBR2N

HOA Fee 0

Garage Spaces 8

Architectural Style Spanish

Pool Features None

Year Built 1932

View None

Stories Count 2

Levels Two

Property Subtype Apartment

Gross Income 183012

Community Features Urban

County Los Angeles

Net Operating Income 113628

Operating Expense 60234

Insurance Expense 0

New Construction 0

Property Type Residential Income

HOA 0

Subdivision Name Wrigley Area (WR)

Garage Y/N 1

Special Listing Conditions Standard

Status Active

Directions North of PCH between Pacific Ave and Magnolia Ave

City Long Beach

Entry Location Front

Senior Community Y/N 0

Number Of Units Total 8

MLS Area 5 - Wrigley Area

Lot Size Units Square Feet

Lot Size Square Feet 8145

Number of Units Leased 8

Listing Terms Cash Cash to New Loan

Spa Features None

Property Attached Y/N 1

Land Lease Y/N 0

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N 0

Rent Control Y/N 1

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 17

Total Actual Rent 15251

Property Sub Type Additional Apartment

Taxes 25938

Cap Rate 5.5

Interior

Fireplace Features None

Total Stories 2

Common Walls 2+ Common Walls

Air Conditioning Y/N 0

Heating Y/N 1

Fireplace Y/N 0

Laundry Features Common Area

Entry Level 1

Exterior

Lot Features 6-10 Units/Acre

Water Source Public

Total Parking 8

Lot Size Area 8145

Number of Buildings 1

Spa 0

Building Area Total 5112

Lot Size Acres 0.187

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 9

Number of Separate Electric Meters 9

* Excluded Features

List By

Sage Real Estate Group, Inc.

Broker

cody@sageregroup.com

Affordability Calculator

$12,945

Per Month

Monthly Principal & Interest: $12,945
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,860,524

Percent of Sale Price 10%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
11/20/2025	$2,075,000		Listed Price

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1924 Cedar Avenue, Long Beach, CA, 90806 is a Multi-Family Home for sale at $2,075,000 with 5,112 sqft and a lot size of 0.187. 1924 Cedar Avenue is a studio with 1.0 baths and was built in 1932. The property's zip code is 90806 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/25/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1924 Cedar Avenue

Multi-Family Home for sale in Long Beach, CA

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