About 1415 Cedar
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
Features of 1415 Cedar
| MLS® # | SB25266595 |
|---|---|
| Price | $2,095,000 |
| Sold Price | $2,020,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Lot Sqft | 6,602 |
| Acres | 0.15 |
| Year Built | 1949 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Closed |
| # Of Units | 10 |
Community Information
| Address | 1415 Cedar |
|---|---|
| Area | 4 - Downtown Area, Alamitos Beach |
| Subdivision | n/a |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90813 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 5 |
| Parking | Garage Faces Rear |
| # of Garages | 5 |
| Garages | Garage Faces Rear |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Tile, Carpet |
|---|---|
| Appliances | Gas Cooktop, Gas Oven |
| Heating | Wall Furnace |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Rectangular Lot |
| Roof | Composition |
| Construction | Stucco |
| Foundation | Raised |
Additional Information
| Date Listed | November 18th, 2025 |
|---|---|
| Date Sold | April 29th, 2026 |
| Days on Market | 91 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Anthony Walker |
|---|---|
| Office | Buckingham Investments, Inc |