1425 Cedar Long Beach, CA $ 1,995,000
1425 Cedar
$ 1,995,000
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1425 Cedar

Long Beach, CA, 90813
$ 1,995,000
Bedrooms12 Baths10.0 Sq 6,222

Monthly Estimate*

$ 13,779

Listed by Anthony Walker, Buckingham Investments, Inc, Anthony.walker@buckinghaminvestments.com
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Multi-Family Home for sale in Long Beach, CA

for $1,995,000 with 12 bedrooms and 10 full baths. This 6,222 square foot home was built in 1953 on a lot size of 0.1536.

Amazing 7.4% in-place yield plus a 10% upside to an 8.4% cap rate at market! 1953-built, 10-unit property in a dense, high-demand rental area of Long Beach. 8.9X GRM on current rents and 8.1X GRM at market for postwar units under $200K/door. Strong unit mix: (8) 1 bed / 1 bath and (2) 2 bed / 1 bath units. 4 of 10 units just remodeled with new flooring, lighting, kitchens and bathrooms. Community laundry room plus 4 garages for added income or ADU conversion potential. All units separately metered for gas and electricity. Directly across from Washington Middle School, currently undergoing a $176 million reconstruction. Just a few blocks to the Metro Blue Line rail station, PCH and the 710 Freeway. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (Costar).

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Multi-Family Active

Price

$ 1,995,000

Bedrooms

12

Full Bath

10

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1536

Year Built

1953

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB26242091

Days on Market

2

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Flat
Appliances Gas Range
HOA Fee 0
Garage Spaces 4
Pool Features None
Construction Materials Stucco
Year Built 1953
Electric Standard
Tenant Pays Electricity Gas
View None
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 215690
Community Features Urban
Accessibility None
County Los Angeles
Net Operating Income 147612
Operating Expense 68079
Insurance Expense 10772
New Construction false
Property Type Residential Income
HOA false
Contingency Submit offers subject to inspection. Contact Listing Agent Josh Ess 310-867-1183 for questions.
MaintenanceExpense 10785
Subdivision Name Washington
Facing Direction East
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions West side of Cedar North of Anaheim.
City Long Beach
Entry Location 1
Senior Community Y/N false
Number Of Units Total 10
MLS Area 4 - Downtown Area Alamitos Beach
Lot Size Units Square Feet
Lot Size Square Feet 6691
Number of Units Leased 10
Listing Terms Cash to New Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 2200
Current Financing Conventional
Fuel Expense 2200
Trash Expense 2200
Water Sewer Expense 2200
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 20
Total Actual Rent 18161
Property Sub Type Additional Apartment
Taxes 24938
Cap Rate 7.4
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Interior
Flooring Tile Vinyl
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Fencing Wrought Iron
Lot Features Rectangular Lot
Water Source Public
Total Parking 4
Lot Size Area 6691
Foundation Details Raised
Number of Buildings 2
Spa false
Building Area Total 6222
Lot Size Acres 0.1536
Road Surface Type Alley Paved Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 10
Number of Separate Electric Meters 10
Road Frontage Type City Street
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* Excluded Features
List By
Anthony Walker

Listing Agent

Buckingham Investments, Inc

Broker

Anthony.walker@buckinghaminvestments.com

Email

Affordability Calculator

$13,779
Per Month
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Monthly Principal & Interest
$13,779
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/12/2026$1,995,000 Listed Price

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1425 Cedar, Long Beach, CA, 90813 is a Multi-Family Home for sale at $1,995,000 with 6,222 sqft and a lot size of 0.1536. 1425 Cedar has 12 bedrooms, 10.0 baths, and was built in 1953. The property's zip code is 90813 which is in Long Beach, CA