1864 Cedar, Long Beach, California 90806, Long Beach, 90806 - 0 bed, 0 bath
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Long Beach, California 90806
This Value-Add Quadruplex Asset is listed at $1,250,000, reflecting the high demand for multi-unit density and land utility in Long Beach. Featuring a Condition Rating of 5, the property requires modernization of its 1947 infrastructure, offering a clear path for forced appreciation through capital improvements. The asset sits on an Expansive 8,000 Sqft Lot with Four Detached Garages, providing rare ADU Development Potential and convenient alley access. Proximity to Lafayette Elementary School (Rating 8) and Polytechnic High ensures consistent tenant appeal. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside residential income property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1864 Cedar Subject | $1,250,000* List Price | 0 | 0 | 2,216 | $389 | - |
A 1990 Cedar Avenue Sold | $1,045,000 | 0 | 0 | 2,516 | $415 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947, this property is characterized by vintage infrastructure and requires significant capital improvements to modernize aging systems such as plumbing, electrical, and roofing. Exterior images reveal deferred maintenance, including graffiti on the detached garages and worn stucco, suggesting the interior components like kitchens and bathrooms likely require substantial rehabilitation to meet current market standards.
This quadruplex offers a consistent revenue stream with four separate units, making it an ideal asset for investors or owner-users looking to leverage rental income to offset mortgage costs.
The property features four detached garages with alley access, a highly desirable and rare amenity in Long Beach that adds significant value and convenience for tenants.
Situated on a generous 8,000 square foot lot, the property provides a spacious footprint that may offer future potential for expansion or the addition of Accessory Dwelling Units (ADUs).
Originally built in 1947, the property may require significant capital improvements to modernize aging systems such as plumbing, electrical, and roofing to meet current standards.
The uniform 1-bedroom, 1-bathroom configuration across all four units limits the target tenant demographic and may result in higher turnover compared to properties with larger family-sized units.
Great opportunity to own a 4-unit property in the heart of Long Beach! Each unit offers 1 bedroom and 1 bathroom with comfortable living spaces. The property includes four detached garages with alley access, adding both convenience and value. Perfect for investors or owner-users seeking rental income. Located near shopping, restaurants, schools, and easy freeway access.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,216 | 2,429 | 40% |
| Lot Size | 8,000 | 5,644 | 90% |
| Price | $1.25M | $1.09M | 60% |
| Price per sq ft | $564 | $443 | 80% |
| Built year | 1947 | 1943 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 214 | 10% |
Mar 21, 2026
$1,250,000
Initial Listing
Mar 8, 2006
$675,000
Public Record
Oct 28, 2005
$615,000
Public Record