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Listed by Anthony Walker • Buckingham Investments, Inc
$ 2,095,000
Est. payment /mo
Active
1415 Cedar Long Beach, CA 90813
6,602 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25266595
Year Built 1949
Lot Size 6,602 Sqft
Source California Regional MLS
Property 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 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
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Rooms
Kitchen Other, Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Laundry Laundry Area
Exterior
Parking Features Garage
Garage Spaces 5.0
Pool 31, None
View None
Roof Type Composition
Building
Foundation Raised
Water District - Public
Others
Tax ID 7269041027
Special Listing Condition Not Applicable
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