1425 Cedar, Long Beach, CA 90813

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1425 Cedar,Long Beach, CA 90813
$2,100,000
  • - Beds
  • - Baths
  • 6,222 sq. ft.
  • Multi-family
  • Active
Listed by: steven bogoyevac
Office: steven m. bogoyevac, broker
MLS#:PW25265523
Source:CRMLS

Price summary

  • Price:$2,100,000
  • Price per sq. ft.:$337.51

About this home

1425 Cedar Avenue is a 10-unit apartment building in Long Beach, California surrounded by numerous major development projects. This offering is an excellent acquisition opportunity for any investor looking for an outstanding going-in cap rate (6.30%) and both immediate and long-term upside potential in a strong coastal rental market. Current rents offer 27 percent rental upside, and plans have been drafted to convert the existing four single-car garages to four one-bedroom ADU’s. 1425 Cedar Avenue consists of eight one-bed/one-bath units and two two-bed/one-bath units, all of which are separately metered for gas and electricity. Select units have been remodeled, and the property also offers income-generating on-site laundry. This building is located directly across from the five-acre site of the $176 Million rebuild of Washington Middle School that is currently underway. Demonstrating further investment in the area, two new 10- and 36-unit condo projects have been completed

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Home facts

  • Year built:1953
  • Listing ID #:PW25265523
  • Added:24 day(s) ago
  • Updated:December 19, 2025 at 02:27 PM

Rooms and interior

  • Living area:6,222 sq. ft.

Structure and exterior

  • Year built:1953
  • Building area:6,222 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$337.51
Based on information from California Regional Multiple Listing Service, Inc. as of December 19, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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