10-Unit Multifamily Investment
For Sale
Contact for pricing
Pending
2490 Cedar Ave, Long Beach, CA 90806
Ten-unit apartment building with six 1-bedroom units and four studios, plus separate gas and electric meters.
Property SizeContact for details
Days on Market135
Property Features for 2490 Cedar Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
10
Listing Agency:
Stepp Commercial
Listed By:
Robert Stepp · License #CA 01456379
(310) 463-2916
Source:
Crexi
Added: Apr 24
Changed: Sep 2
Last Checked: Sep 2 at 4:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stepp Commercial
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.
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
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2,423
Businesses Nearby
Explore this area
Business Placement
Demographics for 90806, CA
41,611
Population
13,106
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
72%
High-School Grad
4.9 sq mi
ZIP Area
8,492
Density / Sq Mi
$73,674
Median Household Income
$36,691
Median Earnings
$1,672
Median Rent
$699,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
