Movoto Real Estate
Sold on 09/19/2025
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2332 Cedar Ave, Long Beach, CA 90806

$937,000

Last sold 09/19/2025 for $1.1M

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    bed

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    bath

Multi-family not for sale

About 2332 Cedar Ave

Property type Multi-family
Neighborhood
Year built 1924
HOA fee $0/month
Lot size 6,502 Sqft
Movoto estimate
Rental estimate
Property description
Located in Long Beach’s vibrant Wrigley neighborhood, 2332 Cedar Ave is extensively renovated and ready for move-in! As you drive down the long private driveway with ample off-street parking, you’re greeted by a charming Spanish Colonial-style front house featuring 2 bedrooms and 1 bathroom. This home has been thoughtfully updated with new flooring, countertops, modern cabinetry, light fixtures, mini split AC, and a full electrical rewire. The home is leased to long term tenants paying great rent! Tucked midway through the 6,500 sq ft lot is a brand-new, all-electric 2-bedroom, 1-bath ADU completed in 2025, featuring a separate meter, new roof, premium finishes, and washer/dryer hookups—currently move-in ready! At the rear is a stylishly updated 1-bedroom, 1-bath unit, built in 1951, with new mini split AC, new wiring, and a new main gas line. This unit is leased at market rent! Additional upgrades include a new main water line serving all units, new windows, flooring, kitchen cabinets, countertops, light fixtures, and exhaust hoods throughout. Whether you're an investor or planning to live in one unit while offsetting your mortgage, this is a smart move for any buyer.
Listed by
Listing Agent - Christopher Crosby
Listing Agent Contact: 650-549-4849
Listing Office - Buckingham Investments, Inc
Source: CRMLS mls logo
MLS#SB25152977 • last updated 1 year ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Duplex
Status Active
Lot Size (Acres) 0.1493
Lot Size (SqFt) 6502
Year Built 1924
Interior
Other Room(s) All Bedrooms Down
Exterior
Building Area Square Feet, 1992
Parking Driveway, Shared Driveway, Tandem Uncovered
# Uncovered Spaces 5
# Parking Spaces 5
Lot Description Front Yard, Yard
Amenities / Utilities
Fireplaces None
Sewer/ Septic Private Sewer
Water Source Public
Spa None
Pool None
Location
County Los Angeles
Community Features Suburban
Subdivision Wrigley Area (WR), Wrigley Area (WR)
Zoning LBR1N
Directions On Cedar Ave Between Hill St & Willow St.
APN 7205016008
Multifamily Details
Expense: Trash 460
Operating Expense 25710
Cap Rate 4.6
Expense: Insurance 3000
Total Expenses 25710
Expense: Water/ Sewer 1700
Gross Income 78600
Gross Multiplier 13.9
Gross Scheduled Income 78600
$937K
Range: $833K-$1.04M
Last 30 days 
Rental est.: $1,455/month
Gross rent multiplier: 63.0
  • Sep 2025
    mls logo MLS # SB25152977
  • Sep 19, 2025 Sold
    $1,100,000
  • Aug 26, 2025 Active
    —
  • Jun 30, 2025 Listed
    $1,100,000 (+59.4%)
  • Sep 2025
    Public Records
  • Sep 19, 2025 Sold
    $1,100,000
  • Aug 2023
    mls logo MLS # PW23087564
  • Aug 18, 2023 Sold
    $690,000
  • Jul 21, 2023 Pending
    —
  • May 18, 2023 Listed
    $650,000
  • Aug 2023
    Public Records
  • Aug 18, 2023 Sold
    $690,000 (+6.2%)
  • Year Property taxes Tax assessment
  • 2024
    $9,159 +546.7%
    $690,000
  • 2023
    $1,416 +5.4%
    $690,000 +807.29%
  • 2022
    $1,344 +2.8%
    $76,051 +4.04%
  • 2021
    $1,307 +0.3%
    $73,100 +1.04%
  • 2020
    $1,304 +11.3%
    $72,351 +2.0%
  • 2018
    $1,171 +1.1%
    $70,933 +4.04%
  • 2017
    $1,159 +7.6%
    $68,181 +2.0%
  • 2016
    $1,077 +3.4%
    $66,845
  • 2015
    $1,041
    —
  • 2332 Cedar Ave
    $1.1M
  • South Wrigley
    $849K 0% y/y
  • 90806
    $799K +8% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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