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Sold on 04/14/2026
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2015 Cedar Ave, Long Beach, CA 90806

  • $1,600,000

    Last sold 04/14/2026 after 78 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 2015 Cedar Ave

Property type Multi-family
Neighborhood
Year built 1956
HOA fee $0/month
Lot size 6,375 Sqft
Parking 6 garage spaces
Rental estimate
Property description
Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. With rents slightly below market, the asset provides stable cashflow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.
Listed by
Listing Agent - Ryan Pratt
Listing Agent Contact: 714-767-7039
Listing Office - Skyline Commercial Real Estate
Source: CRMLS mls logo
MLS#NP26018192 • last updated 2 months ago
Movoto checked CRMLS for data 1 minute ago
Overview
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.1463
Lot Size (SqFt) 6375
Year Built 1956
Interior
Laundry Community
Exterior
Building Area Square Feet, 7226
# Parking Spaces 6
# Garage Spaces 6
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Street Lights, Sidewalks
Subdivision Wrigley Area (WR), Wrigley Area (WR)
Directions Cedar Ave And 20th St
APN 7209025023
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 5288
Operating Expense 44835
Cap Rate 6.82
Total Expenses 44835
Gross Income 176256
Gross Multiplier 10.5
Gross Scheduled Income 176256
Rental est.: $1,364/month
Gross rent multiplier: 113.0
  • Apr 2026
    mls logo MLS # NP26018192
  • Apr 14, 2026 Sold
    $1,600,000 (-13.5%)
  • Apr 13, 2026 Active
    —
  • Mar 23, 2026 Listed
    $1,850,000 (-7.5%)
  • Feb 5, 2026 Active
    —
  • Jan 26, 2026 Listed
    $2,000,000
  • 2015 Cedar Ave
    $1.6M
  • South Wrigley
    $810K -1% y/y
  • 90806
    $770K +11% y/y
  • Long Beach
    $700K -2% y/y
No chart available
Statistics calculated by Movoto

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6/10
Lafayette Elementary School
public Grades K-5
Long Beach Unified School District
4/10
Washington Middle School
public Grades 6-8
Long Beach Unified School District
4/10
Cabrillo High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • CA
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  • 2015 Cedar Ave
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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/14/2026. 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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