Properties
Long Beach, CA 90813 1415 Cedar
$2,095,000
21 more
Presented By: Anthony Walker with Buckingham Investments, Inc; 310-561-4776
Baths • 1
SQFT • 6,922
Garage • 5
Home Details
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 $8 Billion.
Walk Score 86/100
Presented By: Anthony Walker with Buckingham Investments, Inc; 310-561-4776
Interior Features for 1415 Cedar
Other Interior Features
Air Conditioning Y/NNo
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Tile
Heating Y/NYes
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 1415 Cedar
AccessibilityNone
Additional Parcels Y/NNo
AppliancesGas Cooktop, Gas Oven
Building Area UnitsSquare Feet
Cap Rate6.2
Carport Spaces
CityLong Beach
Community FeaturesSuburban
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
Current FinancingConventional
DirectionsWest side of Cedar, North of 14th St
ElectricStandard
Electric Expense3447
Entry Location1
Facing DirectionEast
Fuel Expense3447
Garage Spaces5
Garage Y/NYes
Gross Income1200
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense12114
Land Lease Y/NNo
LevelsTwo
Listing Terms1031 Exchange
Lot Size Square Feet6602
Lot Size UnitsSquare Feet
MLS Area4 - Downtown Area, Alamitos Beach
Net Operating Income130203
New ConstructionNo
Number Of Units Total10
Number of Units Leased10
Open Parking Spaces0
Operating Expense77394
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLONG BEACH
Property Attached Y/NYes
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision Namen/a
Tax Lot26
Taxes$26,188
Tenant PaysElectricity, Gas
Total Actual Rent18105
Trash Expense3448
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewNone
Water Sewer Expense3448
Year Built1949
Year Built SourceAssessor
Exterior for 1415 Cedar
Building Area Total6922
FencingWrought Iron
Foundation DetailsRaised
Lot FeaturesRectangular Lot
Lot Size Acres0.1516
Lot Size Area6602
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Parking FeaturesGarage Faces Rear
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking5
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
