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Listed by: Steven Bogoyevac (562) 257-1231 DRE #01332755 | Steven M. Bogoyevac, Broker (562) 436-5800
$2,100,000
3 Beds
2 Baths
--sqft
1425 Cedar, Long Beach, CA 90813
$2,100,000
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Mixed Use
Built in 1953
$-- HOA
6,691 sqft lot
--/sqft
Description
1425 Cedar Avenue is a 10-unit apartment building in Long Beach, California surrounded by numerous major development projects. This offering is an excellent acquisition opportunity for any investor looking for an outstanding going-in cap rate (6.30%) and both immediate and long-term upside potential in a strong coastal rental market. Current rents offer 27 percent rental upside, and plans have been drafted to convert the existing four single-car garages to four one-bedroom ADU’s.
1425 Cedar Avenue consists of eight one-bed/one-bath units and two two-bed/one-bath units, all of which are separately metered for gas and electricity. Select units have been remodeled, and ...
- Houzeo last checked: 15 Minutes ago
- Listing updated: November 24, 2025 at 5:43 pm
- Source: California Regional MLS-CA | MLS#: PW25265523
Property Details
Status
Active
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
PW25265523
MLS Status
Active
Days on Market
25
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