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Property

Long Beach, CA 90806 1990 Cedar Avenue

1990 Cedar Avenue Long Beach, CA - Image 11990 Cedar Avenue Long Beach, CA - Image 21990 Cedar Avenue Long Beach, CA - Image 3
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Presented By: Jeffrey Isenberg with Buckingham Investments, Inc; 818-795-4477
  • MLS# SB25126683
  • 06/10/2025
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 4
  • SQFT • 2,516
  • Garage • 4
  • Year Built • 1930

Home Details

Prime 4-Unit Investment Opportunity! Unlock the exceptional potential of this well-positioned multifamily asset in the heart of the South Wrigley sub-market of Long Beach. Each of the spacious 1 bed, 1 bath units offers approx. 630 square feet of living space with functional layouts and the ability to add in-unit laundry for increased rental appeal and tenant retention. Recent Cap Ex includes new roofs on both structures, upgraded electrical panel, seismic retrofit bolting and rebuilt front & rear staircases. Investors and owner-users alike have the opportunity to capture a 13% upside in rents, in an area poised for continued appreciation. The property includes 2 large-tandem garages offering ADU development potential (buyer to verify). • Close proximity to the 710, 405, & 91 freeways and public transportation options including the Metro Blue Line with direct access to downtown Long Beach & Los Angeles. • Approximately 2 miles to the Long Beach Civic Center, Shoreline Village, and the waterfront district offering a wide range of dining, shopping, and entertainment options. • Nearby access to recreational amenities like Cesar E. Chavez Park, the Wrigley Greenbelt, Lincoln Park and the L.A. River bike path. South Wrigley is seeing a wave of transformation with ongoing infrastructure upgrades, new residential and mixed-use developments, and significant city investment in the surrounding area. Investors will benefit from being in the path of progress as Long Beach continues to revitalize and attract new residents and businesses alike. Whether you're looking to expand your portfolio or capitalize on a high-potential asset in one of Long Beach’s most promising neighborhoods, 1990 Cedar Ave. is a must-see!
Presented By: Jeffrey Isenberg with Buckingham Investments, Inc; 818-795-4477

Interior Features for 1990 Cedar Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate, Tile
Heating Y/NYes
Interior AmenitiesBedroomOnMainLevel
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 1990 Cedar Avenue

Additional Parcels Y/NNo
AppliancesGasRange, WaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.8
Carport Y/NNo
CityLong Beach
Community FeaturesPark, Sidewalks
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
DirectionsE of Magnolia Ave, W of Pacific Ave, 2 blocks N of PCH
Electric On Property Y/NNo
Entry LocationStreet Level
ExclusionsTenants Personal Property
Facing DirectionWest
Garage Spaces4.0
Garage Y/NYes
Gross Income1500.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet3169.0
Lot Size UnitsSquareFeet
MLS Area5 - Wrigley Area
MaintenanceExpense3782.0
MobileHomeRemainsYNNo
Net Operating Income51223.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces0.0
Operating Expense23669.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionRepairsCosmetic
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofFlat, Tile
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameWrigley Area (WR)
Tax Lot1
Taxes$13,375
Tenant PaysElectricity, Gas
Total Actual Rent6434.0
Trash Expense1559.0
ViewNone
Water Sewer Expense798.0
Year Built1930
Year Built SourcePublicRecords
ZoningLBR2N

Exterior for 1990 Cedar Avenue

Building Area Total2516.0
Crops Included Y/NNo
FencingWood, WroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, BackYard
Lot Size Acres0.0728
Lot Size Area3169.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGarage
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking4.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $1,070,000
MLS#SB25126683
List Date 06/10/2025
Property Type Multi-Family
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