About this property
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.
Listing and market information
- Status
- Active
- Listing type
- Sale
- Days on market
- 39
- Listed
- Sep 18, 2026
- Last updated
- Oct 27, 2026
- List price
- $1,980,000
- List price per sq. ft.
- $274
- MLS area
- 5 - Wrigley Area
- County
- Los Angeles
- MLS number
- NP26204608
Property facts
- Property type
- Income property
- Property subtype
- Mixed Use
- Building area
- 7,226 sq ft
- Lot size
- 6,375 sq ft
- Year built
- 1956
- Parking spaces
- 6