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1990 Cedar Avenue, Long Beach, CA 90806

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For Sale

$1,070,000

4 beds • 4 baths • 2,516 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $425.28
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Prime 4-Unit Investment Opportunity in South Wrigley! Unlock exceptional potential with this well-positioned multifamily property located in the heart of the rapidly evolving South Wrigley sub-market of Long Beach. Each of the spacious 1 bed, 1 bath units offers approximately 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 main electrical panel and seismic retrofit bolting. 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 This property offers investors and owner-users alike a compelling opportunity to capture a 13% upside in rents, in an area poised for continued future appreciation. The property includes 2 large-tandem garages offering ADU development potential (buyer to verify). 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!
MLS# SB25126683

Courtesy Of Buckingham Investments, Inc.

(310) 982-7055

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Range, Range - Gas
  • Architecture Style
    Other
  • Exterior Type
    Stucco
  • Floor Covering
    Carpet, Laminate, Tile
  • Roof Type
    Tile
  • Rooms
    Kitchen, Living Room

Map and Directions

Directions to 1990 Cedar Avenue, Long Beach, CA 90806

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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