1425 Cedar Avenue, Long Beach, CA 90813

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
1425 Cedar Avenue,Long Beach, CA 90813
$2,095,000
  • 5 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:robert stepp
Office:keller williams realty downey
MLS#:PW25151840
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,095,000

About this home

1425 Cedar Avenue is a 10-unit apartment building located across the street from Washington Middle School, which is currently undergoing a massive $176 million reconstruction project. This value-add opportunity is priced at a 10.03 GRM and a 6.41% cap rate at current rents, with projected metrics of 7.41 GRM and 9.66% cap rate at market rents reflecting a 32% rental upside. ADU plans have been submitted to the City of Long Beach for approval, allowing a buyer to add four (4) one-bedroom units in the back garages. Upon ADU construction, the property is projected to achieve a 5.51 GRM with a 13.47% cap rate. The property currently consists of eight (8) 1-bed/1-bath units and two (2) 2-bed/1-bath units, with select units featuring new flooring and updated kitchens and bathrooms. With a Walk Score of 84, 1425 Cedar Avenue offers excellent tenant convenience near shops, restaurants, and entertainment venues. This well-maintained asset in an infill Long Beach location is experiencing

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Home facts

  • Listing ID #:PW25151840
  • Added:66 day(s) ago
  • Updated:September 30, 2025 at 04:26 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4

Finances and disclosures

  • Price:$2,095,000
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