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2059 Cedar Ave
Long Beach, CA 90806 Wrigley

$2,525,000 USD

Apartments For Sale  •  9,399 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,399 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1931
  • Cap Rate 5.83 %
  • Zoning R2N
50 Transit Score
70 Walk Score

Highlights

Property Overview: 14-unit multifamily asset in Long Beach, CA (9,399 rentable square feet).
Unit Mix: 6 studios and 8 one-bedroom/one-bathroom units.
Architecture: 1931 Spanish Revival-style with classic stucco exterior, clay tile roof, and arched openings.
Capital Improvements: Updated copper plumbing and electrical systems already completed by current ownership.
Interior Upgrades: Renovated kitchens and bathrooms, featuring stainless-steel appliances in select units.
Income-Producing Amenities: On-site laundry facility and 4 highly coveted garage parking spaces.

Financial Summary (Actual)

Net Operating Income: $147,179 USD (2026)
Cap Rate: 5.83 %
Total Expenses: $86,640 USD

Amenities

  • Laundry Facilities

Public Transportation

Transit/SubwayDriveWalkDistance
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 14 min 0.7 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 9 min - 3.9 mi
Los Angeles International 29 min - 20.0 mi
John Wayne/Orange County 32 min - 23.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap