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Home For Sale
1415 Cedar
Long Beach, California 90813
Los Angeles CountyCommunity: Other (OTHR)
$2,095,000
3 br, 3.0 bath
6922 sq. ft.
0.152 acres
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 marketmunity 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
Interior:
- Bedrooms: 3
- Baths: 3.0
- Sq Ft: 6922
- Year Built: 1949
- Utilities:
- Fireplaces:
- Stories: 2
- Heat/AC: Wall Furnace
- Garage: Garage
Exterior:
- Lot Size: 0.152 acre
- Lot Dimensions:
- View Types: None
- Yard:
- Siding: Stucco
- Roof: Composition
- MLS #: SB25266595
Contact Information:
Listing Agent: Anthony Walker, Buckingham Investments, Inc., 310-561-4776, 310-982-7055
Listing Site, Listing Status: Active
Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6902047
Viewed 15 times.
Updated: Nov 26, 2025
