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$2,300,000
43 Days On Site

1880 Cedar Avenue
Long Beach, CA 90806

For Sale|Mixed Use|Active
0
Beds
0
Full Baths
0
Partial Baths
7,358
SqFt
$313
/SqFt
1954
Built
Subdivision:
Wrigley Area (WR)
County:
Los Angeles
Listed by Spencer Pabst of Pabst, Kinney & Associates [email protected]

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1880 Cedar Avenue1880 Cedar Avenue1880 Cedar Avenue1880 Cedar Avenue
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Monthly Payment (Est.)

$10,494
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

Located in the desirable Wrigley area of Long Beach, 1880 Cedar Ave. is a well-maintained 10 unit garden style apartment building comprised of (3) 2bd/1bth units, (6) 1bd/1bth units, (1) studio, and 7 single car garages. Originally built in 1954, and consisting of 7,358 rentable square feet on a large 7,957 square foot lot. The property is separately metered for gas and electricity, and features gated entry, vinyl pane windows, and community laundry. Priced attractively at $230,000 per unit, and $312.58 per SF, 5.32% CAP RATE on current rents, with room to increase rents. Realistic MARKET CAP RATE of 6.85%. An attractive opportunity for a new owner! The property is in an excellent location in the South Wrigley neighborhood of Long Beach. Residents enjoy convenient access to everyday needs at Wrigley Market, an Albertsons anchored retail center located blocks from the property. Additionally, 1880 Cedar is just over 1.75 miles from the abundance of retail, dining, and entertainment options in Downtown Long Beach. It also benefits from its optimal location near Willow Street, Pacific Coast Highway, and 405 and 710 freeways, providing residents easy access to employment hubs throughout Southern California. The overall demand for well-located and maintained apartment building will be a key driver in the continued growth and success at 1880 Cedar Ave.

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Listing Snapshot
Price 
$2,300,000
Days On Site 
43 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,358 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1827 Acres
Year Built 
1954
MLS® Number 
PW24203525
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoStatus changed to Active
a month agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.1827
Garage 
Yes
Garage Spaces 
7
Number Of Stories 
2
Parking 
Assigned
Parking Spaces 
7
Property Sub Type 
Mixed Use
Sewer 
Private Sewer
Special Circumstances 
Standard
SqFt Total 
7358
Stories 
Two
Water Source 
Public
Zoning 
LBR2N
Interior Features
Fireplace Features 
None
Heating 
Wall Furnace
Laundry Features 
Common Area
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Exterior Features
Lot Features 
Rectangular Lot
Pool Features 
None
Community Features
Building Access 
1
Community Features 
Sidewalks
Financing Terms Available 
CashConventional1031 Exchange
MLS Area 
5 - Wrigley Area


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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