$2,020,000
$2,095,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
1415 Cedar Long Beach, CA 90813
6,603 Sqft Lot
Key Details
Sold Price $2,020,000
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25266595
Sold Date 04/29/26
HOA Y/N No
Year Built 1949
Lot Size 6,603 Sqft
Property Sub-Type Mixed Use
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
Area 4 - Downtown Area, Alamitos Beach
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Tile
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Gas Oven
Laundry Common Area
Exterior
Parking Features Garage Faces Rear
Garage Spaces 5.0
Garage Description 5.0
Fence Wrought Iron
Pool None
Community Features Suburban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Accessibility None
Total Parking Spaces 5
Private Pool No
Building
Lot Description Rectangular Lot
Faces East
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7269041027
Energy Description 3447.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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