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2011 Cedar Avenue

Long Beach, CA 90806

– beds
– baths
– sqft
6,276 sqft lot
1944 build
– on site

True Pride of ownership 6-unit building located at 2011 Cedar Ave, Long Beach. Totaling 5,261 sqft, the subject property is currently operating at a 5.94% cap rate and 11.38 GRM and is in the desirable Wrigley pocket of Lo ng Beach. Wrigley attracts families and higher rents and has a close proximity to transportation and highways for commuter families. 2011 Cedar has an ideal unit mix of (6) 2Bed+1Bath units. One unit can be delivered vacant for an owner user or rented by the new owner to a tenant of their choosing. The property features on site laundry and parking, allowing for higher rents. There are 5 enclosed, private garages. Garages can either be converted to 2 ADU's or 2 ADU's may be built on top of the garages 2 avoid losing any parking. ADU proforma is included in the OM on page 12. The subject property is located just outside the $6 Billion of development flooding into Downtown Lon g Beach, including the Long Beach Civic Center, Long beach Aquarium, OceanAire Project, CSULB Downto wn Village, Broadway Block, The Pacific and Queen Mary Island.

Listed By CRMLS_CA / Cameron Samimi / Lyon Stahl Investment Real Estate, Inc. / 310-259-7556

Last checked: Checking… • Last updated Oct 1, 2024 •

MLS# SB24182456 —

The Building

Year Built:

1944
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

5261.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

6
Stories Total:

2
# of Separate Gas Meters:

6
# of Separate Water Meters:

1
# of Separate Electric Meters:

6

Interior

Entry Location:

1
Laundry:

Inside
Laundry:

1

Location

Directions:

Off of Pacific Coast Hwy and Pacific Ave
Latitude:

33.79377900
Longitude:

-118.19510800

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LBR2N
Lot Features:

0-1 Unit/Acre
Lot Size Area:

6276.0000
Lot Size Acres:

0.1441
Lot Size SqFt:

6276.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

2
Tax Census Tract:

5730.04
Tax Tract:

5161
Tax Lot:

23

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7209025024
Showings Begin:

2024-09-05

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Urban
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

5.00
Garage Spaces:

5.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/5/24 Sep 5, 2024	Listed / Active	CRMLS_CA	$1,675,000

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This multifamily located in South Wrigley, Long Beach, CA 90806 is currently for sale for $1,675,000. 2011 Cedar Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 60 days. 2011 Cedar Avenue is in the South Wrigley neighborhood of Long Beach and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of Lafayette Elementary School, Cabrillo High School, and Washington Middle School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 10:21 on Nov 04.

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.