1990 Cedar Ave, Long Beach

Prime 4-Unit Investment Opportunity in South Wrigley! Unlock exceptional potential with this well-positioned multifamily property located in the heart of the rapidly evolving South Wrigley sub-market of Long Beach. Each of the spacious 1 bed, 1 bath units offers approximately 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 rear staircase. • 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 This property offers investors and owner-users alike a compelling opportunity to capture a 13% upside in rents, in an area poised for continued future appreciation. The property includes 2 large-tandem garages offering ADU development potential (buyer to verify). 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!