1425 Cedar, Long Beach, CA 90813

Long Beach
Local realty services provided by:ERA North Orange County Real Estate
1425 Cedar,Long Beach, CA 90813
$1,995,000
  • - Beds
  • - Baths
  • 6,222 sq. ft.
  • Multi-family
  • Active
Listed by: anthony walker, josh ess
Office: buckingham investments, inc310-982-7055
MLS#:SB26242091
Source:CRMLS

Price summary

  • Price:$1,995,000
  • Price per sq. ft.:$320.64

About this home

Amazing 7.4% in-place yield plus a 10% upside to an 8.4% cap rate at market! 1953-built, 10-unit property in a dense, high-demand rental area of Long Beach. 8.9X GRM on current rents and 8.1X GRM at market for postwar units under $200K/door. Strong unit mix: (8) 1 bed / 1 bath and (2) 2 bed / 1 bath units. 4 of 10 units just remodeled with new flooring, lighting, kitchens and bathrooms. Community laundry room plus 4 garages for added income or ADU conversion potential. All units separately metered for gas and electricity. Directly across from Washington Middle School, currently undergoing a $176 million reconstruction. Just a few blocks to the Metro Blue Line rail station, PCH and the 710 Freeway. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (Costar).

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Home facts

  • Year built:1953
  • Subdivision & Development:Washington
  • Listing ID #:SB26242091
  • Added:1 day(s) ago
  • Updated:November 13, 2026 at 12:59 PM

Rooms and interior

  • Flooring:Tile, Vinyl
  • Kitchen Description:Gas Range
  • Living area:6,222 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Flat
  • Year built:1953
  • Building area:6,222 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Rectangular Lot
  • Construction Materials:Stucco
  • Foundation Description:Raised
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,995,000
  • Price per sq. ft.:$320.64

Parking

  • Total parking spaces:4
  • Garage:Yes
  • Garage spaces:4
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