1425 Cedar Avenue, Long Beach, CA 90813

Local realty services provided by:ERA North Orange County Real Estate
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1425 Cedar Avenue,Long Beach, CA 90813
$2,195,000
  • 5 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:robert stepp
Office:keller williams realty downey
MLS#:PW25151840
Source:SANDICOR

Price summary

  • Price:$2,195,000

About this home

1425 Cedar Avenue is a 10- unit apartment asset located in the Washington District of Long Beach. The value-add opportunity is priced at 10.57 GRM and 6% Cap Rate at current rents and 7.76 GRM and a 9.16% Cap Rate at market rents. In addition to the 32% of rental upside, a buyer has the ability to add four (4) studio ADUs to the back garages. ADU plans are ready to be submitted to the city of Long Beach for approval. After ADU construction, the GRM projects to be 6.06 with a Cap Rate above 11%. The current property is comprised of (8) 1 Bed/1Bath units and (2) 2 Bed/1 Bath units with some units lightly renovated with new flooring and updated kitchen and bathrooms. With a Walk Score of 84, the property is ideally positioned for tenant convenience, offering close proximity to a wide range of amenities, including shops, restaurants, and entertainment venues. Directly across the street is Washington Middle School, which is currently undergoing a massive $176 million reconstruction project

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Home facts

  • Listing Id #:PW25151840
  • Added:20 day(s) ago
  • Updated:August 14, 2025 at 02:02 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4

Finances and disclosures

  • Price:$2,195,000
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