2332 Cedar Ave - Apartments FOR SALE


Long Beach, CA 90806- Wrigley
$1,150,000 USD
650-549-4849
2332 Cedar Ave, Long Beach, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/9
null | 4.34% Cap Rate

2332 Cedar Ave
Long Beach, CA 90806
Wrigley


HIGHLIGHTS

  • 3 renovated units in Long Beach's vibrant Wrigley neighborhood
  • Front house: 2 bed / 1 bath Spanish Colonial, leased at $2,350/mo
  • Brand-new 2 bed / 1 bath ADU (2025) all electric, washer & dryer hookups - vacant & move in ready!
  • Rear 1 bed / 1ba with private outdoor space, leased at $1,850/mo
  • Updated Cap Ex, including electrical rewire, new windows, gas & water lines, roof (ADU), and mini split AC.
  • Interior Renovations, including new flooring, countertops, cabinets, light fixtures, exhaust hoods, etc.

OVERVIEW

Located in Long Beach’s vibrant Wrigley neighborhood, 2332 Cedar Ave is extensively renovated and ready for move-in! As you drive down the long private driveway with ample off-street parking, you’re greeted by a charming Spanish Colonial-style front house featuring 2 bedrooms and 1 bathroom. This home has been thoughtfully updated with new flooring, countertops, modern cabinetry, light fixtures, mini split AC, and a full electrical rewire. It currently generates $2,350/month from reliable long-term tenants. Tucked midway through the 6,500 sq ft lot is a brand-new, all-electric 2-bedroom, 1-bath ADU completed in 2025, featuring a separate meter, new roof, premium finishes, and washer/dryer hookups—currently vacant and ready for move-in. At the rear is a stylishly updated 1-bedroom, 1-bath unit with new mini split AC, new wiring, and a new main gas line. It leases for $1,850/month and enjoys its own private outdoor space. Additional upgrades include a new main water line serving all units, new windows, flooring, kitchen cabinets, countertops, light fixtures, and exhaust hoods throughout. Whether you're an investor or planning to live in one unit while offsetting your mortgage, this is a smart move for any buyer.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$577 USD /SF

# OF UNITS

3

PRICE/UNIT

$383,333

CAP RATE

4.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

7205-016-008

ASK ABOUT THIS PROPERTY

Chris CrosbyBuckingham InvestmentsMore Info
650-549-4849

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Chris CrosbyBuckingham InvestmentsMore Info
650-549-4849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.