Long Beach, CA90806
| 2516 sqft | MLS# SB25126683
Tract: Wrigley Area (WR)
For Sale $1,070,000
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!
Facts
| Built in 1930 | Lot Size: 3169.00 sqft | HOA Dues: $0/month
Features
Listing provided by Jeffrey Isenberg, Buckingham Investments, Inc
Based on information from California Regional Multiple Listing Service, Inc. as of June 12, 2025. 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. 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, 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.