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
Address
Open on Google Maps- Address 1415 Cedar
- City Long Beach
- State/county CA
- Zip/Postal Code 90813
- Area N/A
- Country US
Details
Updated on November 26, 2025 at 7:58 pm- Property ID: SB25266595
- Price: $2,095,000
- Property Size: 6922 Square Feet
- Land Area: 0.1516 Acres
- Garages: 5.0
- Garage Size: x x
- Year Built: 1949
- Property Type: Mixed Use, Residential Income
- Property Status: Active
