Property Details
About this Property
This turnkey high yield 16 unit property is located in a dense rental demand area of Long Beach. There are 15 one bedroom units and 1 two bedroom unit in over 10,000 square feet of space, plus 4 garages and storage in rear. The high in-place cash flow with actual rents offers 9.9X gross at close, and 9.5X GRM at market rents. The property has been extensively renovated in recent years including exterior refresh, new windows, lighting, common area flooring, fencing, controlled access, and all units upgraded with vinyl flooring, new kitchens, bathrooms, paint, and lighting. The major systems include newer separately metered main electrical panel, full plumbing re-pipe in 2022, reinforced foundation, and a newer roof. The is a laundry room on the premises for additional income, and great potential for substantial upside through conversion of 4 garages and storage in rear structure to ADUs. The building is conveniently located in the Washington neighborhood directly across the street from Washington Middle School, which is currently undergoing a massive $176 Million reconstruction project. There is excellent transit access with only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. The property is also just 7 blocks North of Downtown Long Beach,
MLS Listing Information
MLS #
CRSB25042843
MLS Source
California Regional MLS
Days on Site
59
Interior Features
Appliances
Oven - Gas, Oven Range - Gas
Flooring
Laminate
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Flat
Foundation
Raised
Style
Spanish
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 4 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Anthony Walker
Buckingham Investments, Inc
License #: 01908153
Phone: (310) 982-7055
Co-Listing Agent
Josh Ess
License #: 02035659
Phone: (310) 982-7055
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Washington Middle School | public | 6-8 | 0.04 mi | |
| Educational Partnership High School | public | 9-12 | 0.28 mi | |
| Roosevelt Elementary School | public | K-5 | 0.56 mi | |
| Renaissance High School For The Arts | public | 9-12 | 0.65 mi | |
| International Elementary School | public | K-5 | 0.68 mi | |
| Polytechnic High School | public | 9-12 | 0.70 mi | |
| Edison Elementary School | public | K-5 | 0.79 mi | |
| Stevenson Elementary School | public | K-5 | 1.02 mi | |
| Burnett Elementary School | public | K-5 | 1.04 mi | |
| Lincoln Elementary School | public | K-5 | 1.09 mi | |
| Lafayette Elementary School | public | K-5 | 1.11 mi | |
| Chavez Elementary School | public | K-5 | 1.12 mi | |
| Franklin Classical Middle School | public | 6-8 | 1.28 mi | |
| Cabrillo High School | public | 9-12 | 1.33 mi | |
| Whittier Elementary School | public | K-5 | 1.34 mi | |
| Garfield Elementary School | public | K-5 | 1.34 mi | |
| Alvarado Elementary School | public | K-5 | 1.35 mi | |
| Robinson Academy | public | K-8 | 1.35 mi | |
| Beach K-12 Independent Study | public | K-12 | 1.58 mi | |
| Reid High School | public | 11-12 | 1.58 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1439 Cedar Ave is a Residential Income in Long Beach, CA 90813. This – square foot property sits on a 7,435 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,150,000 and was built in 1928. This address can also be written as 1439 Cedar Ave, Long Beach, CA 90813.
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This listing information is up-to-date as of March 24, 2025. For the most current information, please contact Anthony Walker, (310) 982-7055
