1415 Cedar

Long Beach , CA 90813

MLS#: SB25266595

$2,095,000

Status: Active
Listing number: SB25266595
Listing provided by: Buckingham Investments, Inc
Listing agent phone: None
Last update: 28 days ago
On site: 28 days ago
Browse Properties
n/a - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1949

Sq.Footage

N/A

Large high yield postwar 10 unit property in a dense high demand rental area of Long Beach. Great unit mix with five 2 bed/1 bath units, four 1 bed/1 bath units, and one studio in nearly 7,000 square feet of rentable space. High in-place cash flow at close with actual rents at 9.59X gross and a 6.2% cap rate plus a 12% upside to 8.43X GRM and a 7.4% cap rate at market. Community laundry room plus 5 garages for additional income or ADU conversion potential. All windows recently replaced in 2025. Convenient location in the Washington neighborhood directly across the street from Washington Middle School, currently undergoing a massive $176 Million reconstruction project. Excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Just 7 blocks North of Downtown Long Beach, with ongoing new developments of over $8 Billion. Walk Score 86/100

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    5

  • Construction Materials

    Stucco

  • Parking

    Garage Faces Rear

  • Pool

    Yes

  • Pool Features

    None

  • View

    None

Area & Lot

  • Lot Features

    Rectangular Lot

  • Lot Size(acres)

    0.1516

  • Property Type

    Residential Income

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $2,095,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Foundation Details

    Raised

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    26

  • Water Source

    Public

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Location

County

Los Angeles

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Listing Courtesy of Anthony Walker , Buckingham Investments, Inc

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Large high yield postwar 10 unit property in a dense high demand rental area of Long Beach. Great unit mix with five 2 bed/1 bath units, four 1 bed/1 bath units, and one studio in nearly 7,000 square feet of rentable space. High in-place cash flow at close with actual rents at 9.59X gross and a 6.2% cap rate plus a 12% upside to 8.43X GRM and a 7.4% cap rate at market. Community laundry room plus 5 garages for additional income or ADU conversion potential. All windows recently replaced in 2025. Convenient location in the Washington neighborhood directly across the street from Washington Middle School, currently undergoing a massive $176 Million reconstruction project. Excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Just 7 blocks North of Downtown Long Beach, with ongoing new developments of over $8 Billion. Walk Score 86/100

1415 Cedar

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