Property Details
About this Property
Large high yield postwar 10 unit property in a dense high demand rental area of Long Beach. Great unit mix with five 2 bed/1 bath units, four 1 bed/1 bath units, and one studio in nearly 7,000 square feet of rentable space. High in-place cash flow at close with actual rents at 9.59X gross and a 6.2% cap rate plus a 12% upside to 8.43X GRM and a 7.4% cap rate at market. Community laundry room plus 5 garages for additional income or ADU conversion potential. All windows recently replaced in 2025. 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. Walk Score 86/100
MLS Listing Information
MLS #
CRSB25266595
MLS Source
California Regional MLS
Days on Site
9
Interior Features
Appliances
Other, Oven - Gas
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Raised
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 5 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 |
|---|---|---|
| 1 | 10 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1415 Cedar is a Residential Income in Long Beach, CA 90813. This – square foot property sits on a 6,602 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,095,000 and was built in 1949. This address can also be written as 1415 Cedar, Long Beach, CA 90813.
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This listing information is up-to-date as of November 26, 2025. For the most current information, please contact Anthony Walker, (310) 982-7055
