1495 Cedar Avenue, Long Beach, CA 90813
Local realty services provided by:Better Homes and Gardens Real Estate Clarity



1495 Cedar Avenue,Long Beach, CA 90813
$2,250,000
- - Beds
- - Baths
- 5,276 sq. ft.
- Multi-family
- Active
Listed by:anthony walker
Office:buckingham investments, inc
MLS#:SB25099702
Source:CRMLS
Price summary
- Price:$2,250,000
- Price per sq. ft.:$426.46
About this home
Just reduced! Super high yield 14-unit apartment opportunity at a 7% cap rate and 9.2X GRM on actual rents. At only $160k/door this property qualifies for 75% LTV purchase financing ($562K down) and will deliver an 11% cash on cash return at a 7.5% cap rate after only one rent increase. 12 studios and two 1BD/1BA units in 5,276 rentable square feet on a 7,419 square foot lot. Significant renovations and capital improvements done including new separately metered complete electrical system, foundation earthquake retrofit, and most interiors are remodeled. Community laundry room plus 5 garages for additional income or ADU potential.
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. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (CoStar). Walk Score 86/100.
Contact an agent
Home facts
- Year built:1923
- Listing Id #:SB25099702
- Added:100 day(s) ago
- Updated:August 13, 2025 at 01:10 PM
Rooms and interior
- Living area:5,276 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Roof:Flat
- Year built:1923
- Building area:5,276 sq. ft.
- Lot area:0.17 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,250,000
- Price per sq. ft.:$426.46
New listings near 1495 Cedar Avenue
- New$1,575,000Active2 beds 2 baths1,814 sq. ft.
227 Ximeno Avenue, Long Beach, CA 90803
MLS# PW25181157Listed by: CALIFORNIA REAL ESTATE COMPANY - New$1,020,000Active3 beds 3 baths1,130 sq. ft.
3114 Hackett Avenue, Long Beach, CA 90808
MLS# OC25183484Listed by: CALI DREAM HOMES - New$399,000Active1 beds 1 baths597 sq. ft.
5585 E Pacific Coast Highway #340, Long Beach, CA 90804
MLS# 25577973Listed by: BARCODE PROPERTIES - Open Sun, 1 to 4pmNew$2,275,000Active4 beds 3 baths2,676 sq. ft.
106 Claremont Avenue, Long Beach, CA 90803
MLS# PW25181981Listed by: COMPASS - New$949,000Active3 beds 2 baths1,164 sq. ft.
6121 E Huntdale Street, Long Beach, CA 90808
MLS# PW25182996Listed by: FIRST TEAM REAL ESTATE - New$699,999Active3 beds 1 baths1,444 sq. ft.
1890 Pasadena Avenue, Long Beach, CA 90806
MLS# CL25577943Listed by: ROYAL JAMEZ FORCELL - New$534,900Active2 beds 1 baths850 sq. ft.
1250 E 1st Street #1, Long Beach, CA 90802
MLS# CRCV25181025Listed by: RE/MAX TIME REALTY - New$439,995Active1 beds 1 baths633 sq. ft.
7890 E Spring Street #19A, Long Beach, CA 90815
MLS# CROC25180948Listed by: MARTIN INVESTMENT PROPERTIES - New$545,000Active2 beds 2 baths986 sq. ft.
800 Termino Avenue #10, Long Beach, CA 90804
MLS# CRPW25180643Listed by: REDFIN CORPORATION - Open Sat, 12 to 3pmNew$1,012,000Active3 beds 2 baths1,809 sq. ft.
2271 Mira Mar Avenue, Long Beach, CA 90815
MLS# DW25178302Listed by: RE/MAX DYNASTY