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2015 Cedar Ave — Long Beach | Belmont Brokerage | Belmont Brokerage

Closed

$1,850,000

77 DOM

— bd— ba— sqft

Call

2015 Cedar Ave Long Beach, CA 90806

6,375sqft lot

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.

MLS NP26018192

949-688-6530 (Office) ryan@skylinecommercialadvisors.com

Est. payment

$11,822/mo

Principal & interestTaxesInsurance

$9,355$1,927$540

Down %

Rate %

Years

Down payment: $370,000 · Total cost: $3,737,658

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$11,822/mo

Principal & interest: $9,355
Est. property tax: $1,927
Est. insurance: $540
Down payment: $370,000

Est. gross rent$7,708/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-4,114/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Jan 26, 2026	$2,000,000	—
Sold	Apr 14, 2026	$1,600,000	-20.0%

Facts & Features

Transaction Data

▼Price Reduced from $2,000,000 (−$150,000)

Close DateApr 14, 2026

Structure & Property

Year Built1956

Garage Spaces6

949-688-6530 (Office) ryan@skylinecommercialadvisors.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

2015 Cedar Ave, Long Beach, CA 90806

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Call

2015 Cedar Ave Long Beach, CA 90806

About this home

Ryan Pratt

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Ryan Pratt

Sale & Tax History

No Recent Sales History

Location

2015 Cedar Ave, Long Beach, CA 90806

About This Property

Property Photos

Location

Listing Agent

Presented by Belmont Brokerage Inc.

2015 Cedar Ave Long Beach, CA 90806

About this home

Ryan Pratt

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Ryan Pratt

Sale & Tax History

No Recent Sales History

Location