1415 Cedar, Long Beach, CA 90813
List Price: $2.1M
Listing Status: Pending
0Days on Market: 91
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1949
Lot Size: 6,602 sq ft
Garage Spaces: 5
Private Pool: Yes
MLS Number: SB25266595
About This Property
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
Listing provided by: Anthony Walker DRE #01908153 310-982-7055 Anthony.walker@buckinghaminvestments.com, Buckingham Investments, Inc
Source: CRMLS, MLS #: SB25266595
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