1924 Cedar Avenue, Long Beach, CA, US, 90806
1924 Cedar Avenue, Long Beach, CA, US, 90806Basics
- Date added: Added 3か月 ago
- Category: ResidentialIncome
- Type: Apartment
- Status: Active
- Floors: 2, 2
- Lot size: 8145, 8145 sq ft
- Year built: 1932
- View: None
- Subdivision Name: Wrigley Area (WR)
- Zoning: LBR2N
- County: Los Angeles
- MLS ID: PW25191546
Description
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Description:
Spanish-style 8-unit apartment building located in the South Wrigley neighborhood of Long Beach. The property recently received a full exterior refresh and the interiors have been renovated at different times over the past five years. The building is in good condition with strong in-place rents, offering stable income and future upside.
The property includes 8 garages at the rear that are currently unused and offer a new owner several opportunities to add value. A new owner could: Lease the garages for extra parking income, Convert the garages into ADUs, or take advantage of SB 1211, which may allow up to 8 new ADUs on the site (buyer to verify). If developed, 8 new studio ADUs rented at $1,500/month could add $144,000 in gross annual income. This property offers classic curb appeal, updated interiors, steady cash flow, and multiple opportunities to increase revenue.
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Location
- Directions: North of PCH between Pacific Ave and Magnolia Ave
- Lot Size Acres: 0.187 acres
Building Details
- Water Source: Public
- Architectural Style: Spanish
- Lot Features: SixToTenUnitsAcre
- Sewer: PublicSewer
- Building Area Units: SquareFeet
- Common Walls: TwoCommonWallsOrMore
- Garage Spaces: 8
- Levels: Two
- Number Of Buildings: 1
Amenities & Features
- Pool Features: None
- Spa Features: None
- Parking Total: 8
- Cooling: None
- Fireplace Features: None
- Heating: WallFurnace
- Laundry Features: CommonArea
Expenses, Fees & Taxes
- Trash Expense: 0
- New Taxes Expense: $25,938
- Association Fee: 0
- Electric Expense: 0
- Fuel Expense: 0
- Insurance Expense: 0
- Water Sewer Expense: 0
Miscellaneous
- List Office Name: Sage Real Estate Group, Inc.
- Listing Terms: Cash,CashToNewLoan
- Common Interest: CommunityApartment
- Community Features: Urban
- Attribution Contact: 562-896-3851
