1425 Cedar, Long Beach, CA 90813

Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
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:1 day(s) ago
  • Updated:November 24, 2025 at 07:24 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
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