Do Real Estate on the Go!
- Overview
- Description
- Property Details
- Location
Do Real Estate on the Go!
Download App
Street View
Listed by: Robert Stepp (310) 774-3740 DRE #01456379 | Keller Williams Realty Downey (562) 334-1500
14 Beds
12 Baths
--sqft
1425 Cedar Ave, Long Beach, CA 90813
Apartment
Built in 1953
$-- HOA
6,691 sqft lot
--/sqft
Description
1425 Cedar Avenue is a 10-unit apartment building located across the street from Washington Middle School, which is currently undergoing a massive $176 million reconstruction project. This value-add opportunity is priced at a 10.03 GRM and a 6.41% cap rate at current rents, with projected metrics of 7.41 GRM and 9.66% cap rate at market rents reflecting a 32% rental upside.
ADU plans have been submitted to the City of Long Beach for approval, allowing a buyer to add four (4) one-bedroom units in the back garages. Upon ADU construction, the property is projected to achieve a 5.51 GRM with a 13.47% cap rate.
The property currently consists of eight (8) 1-bed/1-bath unit...
- Houzeo last checked: 40 Minutes ago
- Listing updated: September 30, 2025 at 3:01 am
- Source: California Regional MLS-CA | MLS#: PW25151840
Property Details
Status
Off Market
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1953
HOA Fees
-
Finished Area
- sqft
Lot Size
6,691 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW25151840
MLS Status
Active
Days on Market
-
Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
TREC: Info About Brokerage Services, Consumer Protection Notice.
