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Listed by Anthony Walker • Buckingham Investments, Inc
$ 2,095,000
Est. payment /mo
Active
1415 Cedar Long Beach, CA 90813
6,922 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,922 sqft
Price per Sqft $302
MLS Listing ID CRSB25266595
HOA Y/N No
Year Built 1949
Lot Size 6,602 Sqft
Property Sub-Type Other
Source Datashare California Regional
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
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling None
Flooring Tile, Carpet
Fireplace No
Laundry Other
Exterior
View None
Building
Lot Description Other
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