$2,095,000
1415 Cedar
Long Beach, CA, 90813
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
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
Property Details
Price:
$2,095,000
MLS #:
SB25266595
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
4downtownareaalamitosbeach
Listed Date:
Nov 26, 2025
Total Sq Ft:
6,922
Lot Size:
6,602 sqft / 0.15 acres (approx)
Year Built:
1949
Schools
Interior
Appliances
GO, GS
Cooling
NO
Flooring
TILE, CARP
Heating
WL
Laundry Features
AR
Levels
U
Exterior
Accessibility Features
NO
Common Walls
_2CW
Community Features
SUB
Construction Materials
STC
Direction Faces
E
Fencing
WI
Garage Spaces
5
Parking Spots
5
Parking Total
5
Roof
CMP
Spa Features
NO
View
NO
Financial
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Courtesy of Buckingham Investments, Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 1415 Cedar
Long Beach, CA
