2015 Cedar Ave

11
Baths
7,226 Sq. Ft.
$277 / Sq. Ft.
7,226
Sq. Ft.
$277
per Sq. Ft.

Description

Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. With rents slightly below market, the asset provides stable cashflow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. With rents slightly below market, the asset provides stable cashflow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.
  1. Listed by Ryan Pratt • DRE #02179841 • Brokerage DRE #02014153 • Skyline Commercial Real Estate • 714-767-7039
  2. Listed by Christopher Pettit • DRE #01983950 • Brokerage DRE #02014153 • Skyline Commercial Real Estate

Property Details for 2015 Cedar Avenue

Parking Spaces Total
6
Private Pool
No
Total Units
10.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
7226
Assessor Parcel Number
7209-025-023
Property Attached YN
true
LISTING UPDATED: 02/05/2026 08:21 AM

Property Details for 2015 Cedar Avenue

StatusActive Under Contract
MLS #NP26018192
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1956
Lot Size0.15 AC / 6,375 SF
CountyLos Angeles County

Location

Listing Courtesy of Skyline Commercial Real Estate, Ryan Pratt, DRE #02179841; Skyline Commercial Real Estate, Christopher Pettit, DRE #01983950
Add your commute

Building Information for 2015 Cedar Avenue

Stories2Residences-Year Built1956Building Size-Lot Size0.15 AC / 6,375 SF

Payment Calculator

$10,332 per month

30 year fixed, 6.15% Interest

Principal and Interest

$9,748

Property Taxes

$584

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2015 Cedar Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $182,700
  • Gross Scheduled Income: $182,700
  • Vacancy Allowance: 5481
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $128,599
  • Gross Multiplier: 10.95
  • Cap Rate: 6.43
Expense Details
  • Operating Expense: $48,620
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $48,620
Tax / Assessment Info
  • Tax Tract Number: 5161
  • Tax Lot: 22
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Wrigley Area
  • Builders Tract Code: Wrigley Area (WR)
Unit Information
Unit 1
  • Unit Type Units Total: 9
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,364
  • Unit Type Total Rent: $12,276
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2195
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1

Property History for 2015 Cedar Avenue

DateEvent & SourcePriceAppreciation
Feb 3, 2026

Accepting Backup Offers

CLAW #NP26018192MR

—
Feb 3, 2026

Accepting Backup Offers

CRMLS #NP26018192

—
Jan 26, 2026

Listed (Active)

CLAW #NP26018192MR

$2,000,000—
Jan 26, 2026

Listed (Active)

CRMLS #NP26018192

$2,000,000—
Apr 2, 2014

Expired

CRMLS #CC224422

—
Jun 7, 2010

Expired

CRMLS #P713636

$939,900—
Jun 7, 2010

Expired

CLAW #P713636MR

—
Dec 6, 2009

Price Change

CRMLS #P713636

$949,500—
Dec 6, 2009

Listed (Active)

CLAW #P713636MR

$949,500—
Dec 6, 2009

Listed (Active)

CRMLS #CC224422

$939,900—
Jul 18, 1998

Sold

CRMLS #S141902

$245,000—
Jul 18, 1998

Sold

CLAW #S141902MR

$245,000—
Jun 8, 1998

Pending

CRMLS #S141902

—
Jun 8, 1998

Pending

CLAW #S141902MR

—
Jan 28, 1998

Listed (Active)

CRMLS #S141902

$265,000—
Jan 28, 1998

Listed (Active)

CLAW #S141902MR

$265,000—
DateEvent & SourcePrice
02/03/2026

Accepting Backup Offers

CLAW #NP26018192MR

—
02/03/2026

Accepting Backup Offers

CRMLS #NP26018192

—
01/26/2026

Listed (Active)

CLAW #NP26018192MR

$2,000,000
01/26/2026

Listed (Active)

CRMLS #NP26018192

$2,000,000
04/02/2014

Expired

CRMLS #CC224422

—
06/07/2010

Expired

CRMLS #P713636

$939,900
06/07/2010

Expired

CLAW #P713636MR

—
12/06/2009

Price Change

CRMLS #P713636

$949,500
12/06/2009

Listed (Active)

CLAW #P713636MR

$949,500
12/06/2009

Listed (Active)

CRMLS #CC224422

$939,900
07/18/1998

Sold

CRMLS #S141902

$245,000
07/18/1998

Sold

CLAW #S141902MR

$245,000
06/08/1998

Pending

CRMLS #S141902

—
06/08/1998

Pending

CLAW #S141902MR

—
01/28/1998

Listed (Active)

CRMLS #S141902

$265,000
01/28/1998

Listed (Active)

CLAW #S141902MR

$265,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2015 Cedar Avenue

Taxable ValueLand$125,404Additions$259,179Total$384,583
Tax Record2025$7,006 ($584 / month)
Home Facts
Total Finished SqFt7,226 SqFtAbove Grade Finished SqFt7,226 SqFtLot Size6,375 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLBR2NCountyLOS ANGELESAPN7209-025-023

Schools near 2015 Cedar Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lafayette Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Educational Partnership High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Skyline Commercial Real Estate, Ryan Pratt, DRE #02179841; Skyline Commercial Real Estate, Christopher Pettit, DRE #01983950

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.