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1415 Cedar
For Sale $2,095,000
$2,095,000
- 10 Units
- Unknown Sq Ft
- 6,602 Sq Ft
- Unknown Cap Rate
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
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,095,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 5 spots |
| Year Built | 1949 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7269041027 |
| MLS # | SB25266595 |
| Property ID | 322416703 |
| Lot Sqft | 6,602 |
| Zoning | Unknown |
| Total Units | 10 |
| Days on Market | 76 |
| Original List Price | $2,095,000 |
| Applicances | Gas Cooktop,Gas Oven% |
| Date Updated | November 26, 2025 |
| Date Created | November 18, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $18,105 | $0 |
| Net Income (Yr) | $ 130,203 |
| Cap Rate | 6.2% |
Listing Provided By
Anthony Walker an agent of Buckingham Investments, Inc. Lic #01908153
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of November 26, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT