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Listed by: Anthony Walker (310) 982-7055 DRE #01908153, Josh Ess DRE #02035659 | Buckingham Investments, Inc (310) 982-7055
$2,095,000
3 Beds
3 Baths
--sqft
1415 Cedar, Long Beach, CA 90813
$2,095,000
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Mixed Use
Built in 1949
$-- HOA
6,602 sqft lot
--/sqft
Description
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 p...
- Houzeo last checked: 15 Minutes ago
- Listing updated: November 26, 2025 at 8:20 pm
- Source: California Regional MLS-CA | MLS#: SB25266595
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1949
HOA Fees
-
Finished Area
- sqft
Lot Size
6,602 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB25266595
MLS Status
Active
Days on Market
23
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