2490 Cedar Ave Long Beach, CA 90806

Listing agency Stepp Commercial r***@steppcommercial.com Show Phone

Listed by Robert Stepp · License #CA 01456379

Source Crexi

Added: Apr 24 Updated: Jul 20 at 10:33PM Checked: Jul 21 at 6:14AM

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Investment Insights

Based on property information with market context.

2490 Cedar Ave is a 10-unit multifamily apartment building featuring a balanced unit mix of six one-bedroom/one-bath units and four studio units. The property has separate gas and electric meters, which can support utility passthrough. Onsite laundry facilities are also available, providing an additional source of income.

The property is located in the Wrigley neighborhood of Long Beach. It is described as walkable and transit-friendly, with a 90 Walk Score and 80 Bike Score. Willow Street Metro Station is approximately 0.6 miles away, offering a connection to major employment hubs throughout the region.

The listing notes in-place rents are approximately 22% below current market levels, positioning the property as an opportunity for rental income growth.

Key Highlights

• 10‑unit multifamily building in the Wrigley neighborhood of Long Beach
• Unit mix: 6 one‑bedroom, one‑bath units and 4 studio units
• Separate gas and electric meters create opportunity for utility passthrough

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FAQs

What type of property is this?

Apartment building - Ten-unit apartment building with six 1-bedroom units and four studios, plus separate gas and electric meters.

Where is this apartment building located?

The property is located at 2490 Cedar Ave Long Beach, CA.

What are key features of this property?

This property features: 10‑unit multifamily building in the Wrigley neighborhood of Long Beach; Unit mix: 6 one‑bedroom, one‑bath units and 4 studio units; Separate gas and electric meters create opportunity for utility passthrough