- – beds
- – baths
- – sqft
- 3,169 sqft lot
- 1930 build
- – on site
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!
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Last updated Jun 12, 2025
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MLS# SB25126683 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1930
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Year Built Source:Public Records
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New Construction:No
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Construction Materials:Stucco
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Building Area Total:2516.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:1
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Roof:Flat, Tile
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Stories Total:2
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Entry Level:1
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Common Walls:1 Common Wall
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Faces:West
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# of Separate Gas Meters:4
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# of Separate Water Meters:1
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# of Separate Electric Meters:4
Interior
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Levels:Two
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Entry Location:Street Level
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Flooring:Carpet, Laminate, Tile
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Room Type:Kitchen, Living Room, Main Floor Bedroom
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Fireplace:No
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Fireplace:None
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Laundry:None
Location
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Directions:E of Magnolia Ave, W of Pacific Ave, 2 blocks N of PCH
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Latitude:33.79333400
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Longitude:-118.19487400
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Property Condition:Repairs Cosmetic
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Zoning:LBR2N
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Lot Features:0-1 Unit/Acre, Back Yard
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Lot Size Area:3169.0000
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Lot Size Acres:0.0728
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Lot Size SqFt:3169.00
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Lot Size Source:Assessor
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View:None
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Fencing:Wood, Wrought Iron
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Fence:Yes
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Security Features:Carbon Monoxide Detector(s), Smoke Detector(s)
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Exclusions:Tenants Personal Property
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Road Frontage:City Street
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Road Surface Type:Paved
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:4
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Tax Census Tract:5730.04
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Tax Tract:63
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Tax Lot:1
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7209023001
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Gas Range, Water Heater
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Included:Yes
The Community
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Subdivision:Wrigley Area (WR)
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Subdivision:Wrigley Area (WR)
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Features:Park, Sidewalks
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Garage
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Parking Spaces:4.00
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Garage Spaces:4.00
Extra Units
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Average 1 Bed Area:629
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/10/25
Jun 10, 2025
|
Listed / Active | CRMLS_CA | $1,070,000 | 35.4% (5.8% / YR) |
4/26/19
Apr 26, 2019
|
CRMLS_CA | $790,000 | 1.4% | |
3/20/19
Mar 20, 2019
|
CRMLS_CA | $779,000 |