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2151 Cedar Ave, Long Beach, CA 90806
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2151 Cedar Ave Long Beach, CA 90806

$1,000,000 Sold Price as of 01/12/2024
  • 5 Beds
  • 2.75 Baths
  • 2,234 Sq.Ft.
Sold
$1,000,000 Sold Price as of 01/12/2024 Refinance Your Mortgage
Map preview of 2151 Cedar Ave, Long Beach, CA 90806

Property Overview: 2151 Cedar Ave Long Beach, CA has 5 bedrooms, 2.75 bathrooms, 2,234 living square feet and 6,432 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: ***BACK ON THE MARKET AFTER BEING FULLY REMODELED***Discover a remarkable investment opportunity with this rare Spanish-style TRI-PLEX situated in the heart of South Wrigley area of Long Beach. Highlights include front unit as a Single Family Detached is freshly painted inside, it has an updated kitchen, new laminate wood flooring, renovated bathroom, inside washer/dryer room, private backyard/courtyard with an avocado tree and sitting area for the front unit that is free standing and no other structure attached. Front unit shows as 2 bedroom per tax records, but it is currently approved Section8 as a 3 Bedroom unit with 1 full bathroom, additional features include a large detached two-car garage with a long driveway and a secured metal gate. Bottom unit in the back has new laminate flooring, upgraded kitchen counter tops with new stove/oven. The 2 back spacious units have 1 bedroom, bathroom, and living room. The 2 back units have a total of 2 parking spaces that they can access from the alley behind the property with a secured metal gate. For convenience the 2 back units share an enclosed separate laundry room. There is separate gas and electric meters for each unit. This is a prime location just minutes from schools, shopping centers, dining, entertainment, Downtown Long Beach and the beach.

Listed by A.J Yue | BRE #00851118 | Lenders Rate Approval.com Corp
Last checked: 7 minutes ago | Last updated: January 17th, 2024 | Source CRMLS | DOM: 68

Home details

Lot Sq. Ft
6,432
HOA Dues
$0/mo
Year built
1931
Garage
2 Car
Property Type:
Triplex
Status
Sold
MLS#
PW23038360
City
Long Beach
County
Los Angeles
Time on Site
552 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: --
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,540
  • Total Rent: --
  • Pro Forma/Market Rent: $1,540
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,320
  • Total Rent: --
  • Pro Forma/Market Rent: $1,320
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $56,400
  • Net Operating Income: $55,800
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $600
  • Electric: $282
  • Trash: $0
  • Gardener: $660
  • Insurance: $1,810
  • Water/Sewer: $971

Property Details for 2151 Cedar Ave

Interior Features
Heating Information
  • Has Heating
  • Fireplace(s), Radiant, See Remarks, Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room, Inside, See Remarks
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Laminate, Tile, Vinyl
Interior Features
  • Ceiling Fan(s)
  • Security Features: Window Bars
Exterior Features
Exterior Information
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway, Garage, Parking Space, Private, See Remarks
Lot Information
  • Lot Features: Front Yard, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 7205027020
  • Year Built Source: Estimated
  • Architectural Style: Spanish
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: Major cross street off Pacific Ave and W. Hill Street
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 2151 Cedar Ave

Last sold for $1,000,000 on January 12th, 2024

  • January, 2024

  • Jan 12, 2024

    Date

    Sold

    CRMLS: PW23038360

    $1,000,000

    Price

  • Mar 18, 2023

    Date

    Active

    CRMLS: PW23038360

    $949,000

    Price

  • July, 2009

  • Jul 17, 2009

    Date

    Sold (Public Records)

    Public Records

    $390,000

    Price

  • January, 1999

  • Jan 22, 1999

    Date

    Sold (Public Records)

    Public Records

    $151,000

    Price

Show More

Tax History for 2151 Cedar Ave

Assessed Value (2020): $460,704
Year Land Value Improved Value Assessed Value
2020 $236,053 $224,651 $460,704

Home Value Compared to the Market

This property vs the competition

2151 Cedar Ave sold on January 12, 2024 for 25.14% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $458.77 per/sqft which puts the price per square foot 26.95% lower than the current median sale per square foot for the city of Long Beach.

About 2151 Cedar Ave

Detailed summary of property

2151 Cedar Ave is a triplex that recently sold in Long Beach, CA 90806. This triplex offered 5 bedrooms, 2.75 bathrooms, roughly 2,234 living square feet, and sits on an approximately 6,432 square foot lot. 2151 Cedar Ave was first listed on ArdentRealEstateGroup.com on March 17, 2023. The homeowner sold the property for $1,000,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 25.14% higher than the current median priced home. Local homes that are currently for sale include 702 Cedar Ave, 1039 E 10th St and 1339 Peterson Ave. While the average home in Long Beach, CA is selling in 62 days, 2151 Cedar Ave has a days on market of 68 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 2151 Cedar Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2151 Cedar Ave

Public county record property details
Beds
4
Baths
3
Year built
1931
Sq. Ft.
2,234
Lot Size
6,431
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
7205-027-020

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,900
Median List Price/Sq.Ft.
$531
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
20
Median Sale to List Price %
100%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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