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2015 Cedar Ave, Long Beach, CA 90806

$1,980,000
•
  • —

    bed

  • —

    bath

Multi-family for sale 47 days
$65K price drop
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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
Movoto estimate
Parking 6 garage spaces
Rental estimate
Property description
Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the South 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. Recent improvements include an updated roof, electrical system, and unit interior renovations allowing for an investor to acquire a low maintenance building in a strong rental location. With rents slightly below market, this asset provides immediate cash-flow 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#NP26204608 • last updated 1 week ago
Movoto checked CRMLS for data 6 minutes ago
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Overview
Type Residential Income
SubType Commercial/Residential
Status Active
Lot Size (Acres) 0.1463
Lot Size (SqFt) 6375
Year Built 1956
Interior
Laundry Common Area
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 W 20th St
APN 7209025023
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 5792
Laundry Income 1200
Operating Expense 52723
Cap Rate 6.8
Total Expenses 52723
Gross Income 193056
Gross Operating Income 188545
Gross Multiplier 10.26
Gross Scheduled Income 193056
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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.

Around South Wrigley

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Walk
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Family
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Dining
97/100
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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90806
  • South Wrigley
  • 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 11/3/2026. 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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