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    1415 Cedar Ave Long Beach, CA 90813

    For Sale
    $2,095,000

    Commercial/Residential - Long Beach, CA

    Property size:
    6,922 SF
    Lot size:
    6,602.00 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 9 at 10:06 am

    Property Features for 1415 Cedar Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    3
    APN
    7269041027
    Parking
    5
    Parking features
    Garage
    Interior features
    None
    Exterior features
    Fence, Community Features Included: Suburban, Rectangular Lot
    Fencing
    Fenced
    Appliances
    Cooktop, Cooktop - Gas, Oven - Gas
    Size
    6,922 SF
    Lot size
    6,602.00 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1949
    Floors in Building
    2
    Number of units
    10
    Flooring type
    Carpet, Tile
    Building materials
    Stucco
    Roof type
    Composition
    Architectural style
    Other

    Buckingham Investments, Inc. (562) 208-4890 [email protected]

    Listing agent Anthony Walker (310) 982-7055 License #01908153

    Listing date Nov 26, 2025

    MLS# SB25266595 Listing URL

    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.

    Overview

    Long Beach Multifamily Investment Opportunity

    This is a postwar 10-unit property located in a high-demand rental area of Long Beach. The property features a unit mix of five 2-bedroom/1-bath units, four 1-bedroom/1-bath units, and one studio, totaling nearly 7,000 square feet of rentable space. The property has in-place cash flow with actual rents at 9.59 times gross and a 6.2% cap rate, with a 12% upside to 8.43 times GRM and a 7.4% cap rate at market. A community laundry room and five garages offer additional income or ADU conversion potential. All windows were recently replaced in 2025. The property is conveniently located in the Washington neighborhood, directly across the street from Washington Middle School, which is currently undergoing a $176 million reconstruction project. It offers excellent transit access, being just a few blocks from the metro blue line rail station, PCH, and the 710 freeway. The location is also 7 blocks north of Downtown Long Beach, with over $8 billion in new developments underway. The property has a Walk Score of 86/100 and sits on a lot of approximately 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.1954342
    Latitude
    33.7844707

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    FAQs

    What type of property is this?
    Apartment building - High-yield, 10-unit property with significant upside potential in Long Beach.
    Where is this apartment building located?
    The property is located at 1415 Cedar Ave Long Beach, CA.
    What is the asking price?
    The asking price for this property is $2,095,000.
    What are key features of this property?
    This property features: - High in-place cash flow with a 6.2% cap rate, with potential to increase to 7.4% at market rents.; - Large 10-unit property with a desirable unit mix.; - Excellent location near the Metro Blue Line, PCH, and the 710 freeway.
    (310) 982-7055
    Request Owner's contact information
    1415 Cedar Ave Long Beach, CA 90813
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    Long Beach, CA 90813
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1415 Cedar Ave Long Beach, CA 90813
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