- $2,140,000
- 12Bd
- 12Ba
- 6,402 Sq Ft
SOLD
1415 Cedar, Long Beach, CA 90813
- $2,020,000
Last sold 04/29/2026 after 162 Days
- —
bed
- —
bath
Multi-family not for sale
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About 1415 Cedar
| Property type Multi-family | Neighborhood | Year built 1949 | HOA fee $0/month | Lot size 6,602 Sqft | Parking 5 garage spaces | Rental estimate |
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
Listed by
Listing Agent - Anthony Walker
Listing Agent Contact: 310-561-4776
Listing Office - Buckingham Investments, Inc
Source: CRMLS 
MLS#SB25266595 • last updated
3 months ago
Movoto checked CRMLS for data 3 minutes ago
| Overview | |
| Levels/Style | Two |
| Type | Residential Income |
| SubType | Commercial/Residential |
| Status | Closed |
| Lot Size (Acres) | 0.1516 |
| Lot Size (SqFt) | 6602 |
| Year Built | 1949 |
| Interior | |
| Laundry | Common Area |
| Appliances | Gas Cooktop, Gas Oven |
| Accessibility Features | None |
| Exterior | |
| Foundation | Raised |
| Construction | Stucco |
| Building Area | Square Feet, 6922 |
| Roof | Composition |
| Parking | Garage Faces Rear |
| # Parking Spaces | 5 |
| # Garage Spaces | 5 |
| Lot Description | Rectangular Lot |
| Amenities / Utilities | |
| Fireplaces | None |
| Sewer/ Septic | Public Sewer |
| Water Source | Public |
| Electric | Standard |
| Spa | None |
| Pool | None |
| Location | |
| View | None |
| County | Los Angeles |
| Community Features | Suburban |
| Subdivision | N/a, Other (OTHR) |
| Directions | West Side Of Cedar, North Of 14th St |
| APN | 7269041027 |
| Multifamily Details | |
| Vacancy Allowance Rate | 5 |
| Expense: Trash | 3448 |
| Operating Expense | 77394 |
| Cap Rate | 6.2 |
| Expense: Insurance | 12114 |
| Total Expenses | 77394 |
| Expense: Water/ Sewer | 3448 |
| Gross Income | 1200 |
| Gross Operating Income | 207597 |
| Expense: Electric | 3447 |
| Gross Multiplier | 9.59 |
| Gross Scheduled Income | 218460 |
| Expense: Fuel | 3447 |
| Expense: Gardener | 2400 |
| Lot/ Land Details | |
| Road Frontage | City Street |
| Road Surface | Paved |
Rental est.: $1,340/month
Gross rent multiplier: 125.6
- Apr 2026
MLS # SB25266595
- Apr 29, 2026 Sold $2,020,000 (-3.6%)
- Apr 23, 2026 Pending —
- Apr 13, 2026 Active —
- Nov 18, 2025 Listed $2,095,000 (-4.6%)
- Mar 2021 Public Records
- Mar 26, 2021 Sold $2,195,000
- Mar 2021
MLS # SB20220336
- Mar 26, 2021 Sold $2,195,000
- Jan 26, 2021 Pending —
- Dec 9, 2020 Active —
- Oct 19, 2020 Listed $2,195,000 (+11.1%)
- May 2018
MLS # PW17238308 - May 25, 2018 Sold $1,975,000
- May 25, 2018 Sold $1,975,000
- Apr 9, 2018 Pending —
- Mar 8, 2018 Price Change $2,050,000 (-2.4%)
- Nov 29, 2017 Price Change $2,100,000 (+2.4%)
- Oct 17, 2017 Listed $2,050,000 (-4.7%)
- Oct 17, 2017 Listed $2,150,000 (+51.4%)
- May 2018 Public Records
- May 22, 2018 Sold $1,975,000 (-3.7%)
- Nov 2015
MLS # PW15159851
- Nov 20, 2015 Sold $1,420,000
- Nov 20, 2015 Sold $1,420,000
- Jul 21, 2015 Listed $1,450,000
- Jul 21, 2015 Listed $1,450,000 (+51.0%)
- Nov 2015 Public Records
- Nov 18, 2015 Sold $1,420,000 (-2.1%)
- Jan 2014 Public Records
- Jan 22, 2014 Sold $960,000
- Jan 2014
MLS # PW13143908
- Jan 22, 2014 Sold $960,000 (-3.0%)
- Jul 19, 2013 Listed $990,000 (-9.2%)
- Jul 2005 Public Records
- Jul 26, 2005 Sold $1,090,000 (+31.6%)
- Apr 2004 Public Records
- Apr 20, 2004 Sold $828,000 (+57.7%)
- Feb 2003 Public Records
- Feb 28, 2003 Sold $525,000
- 1415 Cedar$2.02M
- Washington School$685K +82% y/y
- 90813$550K +10% y/y
- Long Beach$699K -3% y/y
No chart available
Statistics calculated by Movoto
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5/10
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4/10
Source: GreatSchools.org © 2026. All rights reserved.
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