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$1,045,000

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3,171 Sqft Lot

Price Dropped by $25K

1990 Cedar AVE Long Beach, CA 90806

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID SB25126683

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1930

Lot Size 3,171 Sqft

Property Sub-Type Quadruplex

Property Description

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!

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR2N

Interior

Interior Features Bedroom on Main Level

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Gas Range, Water Heater

Laundry None

Exterior

Parking Features Garage

Garage Spaces 4.0

Garage Description 4.0

Fence Wood, Wrought Iron

Pool None

Community Features Park, Sidewalks

View Y/N No

View None

Roof Type Flat,Tile

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Back Yard

Faces West

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 7209023001

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Jeffrey Isenberg Buckingham Investments, Inc 818-795-4477

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