Address
2059 Cedar Avenue, Long Beach, CA
Price
$ 2,525,000
Property Attributes
- MLS#OC26199545
- TypeMulti-Family
- Listing Status Active
- CountyLos Angeles
- CityLong Beach
- Area Wrigley Area
- NeighborhoodOther
- Zip90806
- Style
- Year Built1931
- Price$ 2,525,000
- Bedrooms0
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage9399
- Lot Size0.15 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
2059 Cedar Avenue is a 14-unit multifamily property located in Long Beach, California. Built in 1931, 2059 Cedar Avenue features distinctive Spanish Revival-style architecture characterized by its stucco exterior, clay tile roof, arched openings and period architectural detailing. The 2-story property features a unit mix of 6 studios and 8 1-bed/1-bath units totaling approximately 9,399 rentable square feet. Residents enter through a controlled-access main entrance that opens to an interior hallway system serving the individual residences, a layout characteristic of apartment buildings from this era. The property offers several amenities that provide value to both residents and ownership. An on-site laundry facility gives residents the convenience of laundry within the building while generating additional property income. The 4 garage parking spaces are particularly valuable in Long Beach’s dense residential environment, providing residents with dedicated off-street parking while also enhancing the property’s rental income. Current ownership reports copper plumbing and electrical improvements, along with updates to kitchens and bathrooms throughout the property. Units have also received various improvements as they have turned over through the years, with stainless-steel appliances among the upgrades found in select residences. Combining classic 1930s architecture with updated interiors, building-system improvements and incomeproducing resident amenities, 2059 Cedar Avenue offers investors the opportunity to acquire a distinctive Long Beach multifamily asset with numerous capital improvements already completed under current ownership.
| Price History | |
|---|---|
| 9/11/2026 | Listed $2,525,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Garage Spaces | 4 |
| Pool Features | None |
| Year Built | 1931 |
| Property Subtype | Apartment |
| Gross Income | 240948 |
| Community Features | Curbs,Gutter(s),Street Lights,Sidewalks |
| County | Los Angeles |
| Net Operating Income | 147179 |
| Operating Expense | 86640 |
| Insurance Expense | 11900 |
| New Construction | false |
| Property Type | Residential Income |
| MaintenanceExpense | 11900 |
| Subdivision Name | Other |
| Garage Y/N | true |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | Cross Streets of Cedar Avenue & West 21st Street |
| City | Long Beach |
| Entry Location | First level |
| Senior Community Y/N | false |
| Number Of Units Total | 14 |
| MLS Area | 5 - Wrigley Area |
| Lot Size Units | Acres |
| Lot Size Square Feet | 6534 |
| Listing Terms | Cash,Cash to New Loan,Conventional,1031 Exchange |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Electric Expense | 792 |
| Fuel Expense | 2523 |
| Trash Expense | 2522 |
| Water Sewer Expense | 2522 |
| Additional Parcels Y/N | false |
| Rent Control Y/N | false |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 17 |
| Property Sub Type Additional | Apartment |
| Taxes | 32045 |
| Cap Rate | 5.83 |
| PostalCity | LONG BEACH |
Interior Features
| Total Stories | 2 |
|---|---|
| Common Walls | No Common Walls |
| Laundry Features | Common Area |
| Entry Level | 1 |
Exterior Features
| Lot Features | Street Level |
|---|---|
| Water Source | Public |
| Total Parking | 4 |
| Lot Size Area | 0.15 |
| Number of Buildings | 1 |
| Building Area Total | 9399 |
| Lot Size Acres | 0.15 |
| Private Pool | false |
| Lot Size Source | Assessor |
| Number of Separate Water Meters | 1 |
| Number of Separate Gas Meters | 14 |
| Number of Separate Electric Meters | 14 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 90806
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 21, 2026 10:38 AM UTC 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.
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MetroList CA data last updated: September 21, 2026 10:07 AM UTC 