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
For sale
Listing Provided by:
Anthony Walker DRE #01908153 310-561-4776,
Buckingham Investments, Inc,
Josh Ess DRE #02035659 310-982-7055,
Buckingham Investments, Inc
$2,095,000
1415 Cedar Ave, Long Beach, CA 90813
14beds
10baths
6,922sqft
Est.:
Mixed Use
Built in 1949
-- sqft lot
$2,038,900 Zestimate®
$303/sqft
$-- HOA
What's special
Community laundry room
- 19 days |
- 93 |
- 8 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: November 26, 2025 at 12:20pm
Listing Provided by:
Anthony Walker DRE #01908153 310-561-4776,
Buckingham Investments, Inc,
Josh Ess DRE #02035659 310-982-7055,
Buckingham Investments, Inc
Source: CRMLS,MLS#: SB25266595
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 10
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Gas Cooktop, Gas Oven
- Laundry: Common Area
Features
- Flooring: Carpet, Tile
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,922
- Total interior livable area: 6,922 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage Faces Rear
- Garage spaces: 5
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 6,602 Square Feet
- Features: Rectangular Lot
Details
- Parcel number: 7269041027
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Raised
- Roof: Composition
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Suburban
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $303/sqft
- Date on market: 11/26/2025
- Listing terms: 1031 Exchange
- Total actual rent: 18105
- Tenant pays: Electricity, Gas
- Road surface type: Paved
Estimated market value
$2,038,900
$1.94M - $2.14M
$2,139/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2025 | Listed for sale | $2,095,000-4.6%$303/sqft |
Source:  CRMLS #SB25266595 Report a problem | ||
| 1/15/2021 | Listing removed | $2,195,000$317/sqft |
Source:  CRMLS #SB20220336 Report a problem | ||
| 1/6/2021 | Contingent | $2,195,000$317/sqft |
Source: CRMLS #SB20220336 Report a problem | ||
| 12/9/2020 | Pending sale | $2,195,000$317/sqft |
Source: Lyon Stahl Investment Real Estate, Inc. #SB20220336 Report a problem | ||
| 10/19/2020 | Listed for sale | $2,195,000$317/sqft |
Source: Lyon Stahl Investment Real Estate, Inc. #SB20220336 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$12,932/mo
Principal & interest
$10174
Property taxes
$2025
Home insurance
$733
Climate risks
Neighborhood: Washington School
Nearby schools
GreatSchools rating
- 6/10International Elementary SchoolGrades: K-5Distance: 0.6 mi
- 5/10Washington Middle SchoolGrades: 6-8Distance: 0.1 mi
- 3/10Cabrillo High SchoolGrades: 9-12Distance: 1.4 mi
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