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2441 Cedar Avenue

Long Beach, CA 90806
  • $1,100,000
  • STATUS: Active Under Contract
  • ON SITE: 60 Days
  • ID#: SB26171308
Under Contract
UPDATED: 37 min ago
$1,100,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Listing Agent(s): Charles Fisher of Estate Properties (310-937-5700)


Description

Introducing an excellent investment opportunity in the heart of Long Beach, this well-maintained four-unit multifamily property offers a desirable unit mix, functional layouts, and strong tenant appeal. The property features four side-by-side residences with individual garages, providing a sought-after amenity in today's rental market (or convert to ADUs?). The unit mix consists of one two-bedroom, one-bathroom residence and three one-bedroom, one-bathroom residences. Easily managed property so an opportunity to increase cash flow. Ideally located in Long Beach, the property is just minutes from shopping, dining, local beaches, major employment centers, and convenient freeway access. With Long Beach continuing to attract renters through its coastal lifestyle and diverse economy, this property presents an attractive opportunity for investors seeking a stable, well-located multifamily asset with long-term upside.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-07T17:43:11.643. 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 deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/179903315
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2441 Cedar Avenue Long Beach, CA 90806

  • Price: $1,100,000
  • Status: Active Under Contract
  • On Site: 60 Days
  • Updated: 37 min ago
  • ID#: SB26171308
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1940
Built
Neighborhood:
Wrigley Area (Wr)
County:
Los Angeles
Area:
5 - Wrigley Area
Property Description
Introducing an excellent investment opportunity in the heart of Long Beach, this well-maintained four-unit multifamily property offers a desirable unit mix, functional layouts, and strong tenant appeal. The property features four side-by-side residences with individual garages, providing a sought-after amenity in today's rental market (or convert to ADUs?). The unit mix consists of one two-bedroom, one-bathroom residence and three one-bedroom, one-bathroom residences. Easily managed property so an opportunity to increase cash flow. Ideally located in Long Beach, the property is just minutes from shopping, dining, local beaches, major employment centers, and convenient freeway access. With Long Beach continuing to attract renters through its coastal lifestyle and diverse economy, this property presents an attractive opportunity for investors seeking a stable, well-located multifamily asset with long-term upside.
Exterior Features

Entry Level 1 Entry Location Front Lot Features Landscaped Number Of Separate Electric Meters 4 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common WallNo One AboveNo One Below Heating Natural GasWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 4.83 Common Interest None Community Features CurbsStreet LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 80640 Gross Scheduled Income 80640 Insurance Expense 3500 Land Lease YN No Laundry Features Common AreaLaundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 ExchangeFHASubmit Maintenance Expense 1200 Net Operating Income 53201 New Construction YN No New Taxes Expense 14939 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 27439 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 6720 Trash Expense 0 Water Sewer Expense 600 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-07T17:43:11.643. 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 deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Charles Fisher of Estate Properties (310-937-5700)