8-Unit Multifamily
For Sale
Contact for pricing
Pending
2409 Cedar Ave, Long Beach, CA 90806
Eight-unit multifamily property with a 1BR/1BA and 2BR/1BA mix, separate gas and electric meters, and onsite laundry.
Property SizeContact for details
Days on Market134
Property Features for 2409 Cedar Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
8
Amenities
onsite laundry facilities
Building Details
Tenancy
Multi
Listing Agency:
Stepp Commercial
Listed By:
Robert Stepp · License #CA 01456379
(310) 463-2916
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Sep 1 at 11:39AM
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.
2409 Cedar Avenue is an 8-unit multifamily investment property featuring four 2-bedroom/1-bath units and four 1-bedroom/1-bath units. The property has separate gas and electric meters, creating an opportunity for utility passthrough, and includes onsite laundry facilities for additional ancillary revenue. Public remarks indicate in-place rents are approximately 28% below current market levels, supporting a potential value-add strategy.
Located in the Wrigley neighborhood of Long Beach, the property is described as walkable and transit-friendly, with an 88 Walk Score and 81 Bike Score. The Willow Street Metro Station is approximately 0.6 miles away, providing a connection to major employment hubs throughout the region.
Located in the Wrigley neighborhood of Long Beach, the property is described as walkable and transit-friendly, with an 88 Walk Score and 81 Bike Score. The Willow Street Metro Station is approximately 0.6 miles away, providing a connection to major employment hubs throughout the region.
Key Highlights
- 8‑unit multifamily property in the Wrigley neighborhood of Long Beach
- Unit mix includes four 2BR/1BA units and four 1BR/1BA units
- Separate gas and electric meters provide utility passthrough potential
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,141
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit multifamily property with a 1BR/1BA and 2BR/1BA mix, separate gas and electric meters, and onsite laundry.
Where is this apartment building located?
The property is located at 2409 Cedar Ave Long Beach, CA.
What are key features of this property?
This property features: 8‑unit multifamily property in the Wrigley neighborhood of Long Beach; Unit mix includes four 2BR/1BA units and four 1BR/1BA units; Separate gas and electric meters provide utility passthrough potential
