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1415 Cedar, Long Beach, CA 90813

Long Beach
Local realty services provided by:CENTURY 21 Cornerstone
1415 Cedar,Long Beach, CA 90813
$2,095,000
  • - Beds
  • - Baths
  • 6,922 sq. ft.
  • Multi-family
  • Active
Listed by: anthony walker, josh ess
Office: buckingham investments, inc
MLS#:SB25266595
Source:CRMLS

Price summary

  • Price:$2,095,000
  • Price per sq. ft.:$302.66

About this home

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

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Home facts

  • Year built:1949
  • Listing ID #:SB25266595
  • Added:106 day(s) ago
  • Updated:March 06, 2026 at 11:42 AM

Rooms and interior

  • Flooring:Carpet, Tile
  • Kitchen Description:Gas Cooktop, Gas Oven
  • Living area:6,922 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1949
  • Building area:6,922 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:$2,095,000
  • Price per sq. ft.:$302.66

Parking

  • Total parking spaces:5
  • Parking description:Garage Faces Rear
  • Garage:Yes
  • Garage spaces:5
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