11-Unit Apartment
For Sale
$2,530,000
1123 Cedar, Long Beach, CA 90813
Long Beach, CA
Property SizeContact for details
Lot Size0.17 Acres
Days on Market19
Property Features for 1123 Cedar
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3
Parking
6
Subdivision
Willmore District (WM)
Lot features
11-15 Units/ Acre
Directions
Off E Anaheim St
Standard status
Active
APN
7272006006
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
on-site laundry
Building Details
Year built
1964
Floors in Building
2
Number of units
11
Listing Agency:
Keller Williams Realty Downey
(562) 334-1500
Listed By:
Robert Stepp · License #01456379
(310) 463-2916
Added: Aug 17
Changed: Sep 3
Last Checked: Sep 4 at 1:06AM
MLS# PW26180162
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 11-unit apartment property was built in 1964 and includes six two-bedroom residences and five one-bedroom residences. System improvements include new plumbing, electrical wiring and panels, individual tankless water heaters, upgraded wall furnaces, and a recently sealed roof. On-site laundry, garage income, and six detached garages add to the property's physical and operational profile. Public water and public sewer serve the property.
The property is located in the Willmore City Historic District near Downtown Long Beach and the 710 Freeway. Current rents are below nearby market comparables, while the existing unit mix serves both one-bedroom and two-bedroom demand. The detached garages have been identified as potential ADU conversion opportunities, subject to applicable approvals.
The property is located in the Willmore City Historic District near Downtown Long Beach and the 710 Freeway. Current rents are below nearby market comparables, while the existing unit mix serves both one-bedroom and two-bedroom demand. The detached garages have been identified as potential ADU conversion opportunities, subject to applicable approvals.
Key Highlights
- 11‑unit multifamily property built in 1964
- Unit mix includes 6 two‑bedroom and 5 one‑bedroom units
- System upgrades include plumbing, electrical wiring and panels, tankless water heaters, wall furnaces, and a sealed roof
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,854
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Building systems include updated plumbing, electrical service, tankless water heaters, wall furnaces, and a recently sealed roof.
Where is this apartment building located?
The property is located at 1123 Cedar Long Beach, CA.
What is the asking price?
The asking price for this property is $2,530,000.
What are key features of this property?
This property features: 11‑unit multifamily property built in 1964; Unit mix includes 6 two‑bedroom and 5 one‑bedroom units; System upgrades include plumbing, electrical wiring and panels, tankless water heaters, wall furnaces, and a sealed roof
