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1425 Cedar Ave, Long Beach, CA 90813

  • $2,045,000

  • bed

  • bath

Multi-family for sale 5 days
Movoto is helping 68 homebuyers near you

About 1425 Cedar Ave

Property type Multi-family
Neighborhood
Year built 1953
HOA fee $0/month
Lot size 6,534 Sqft
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
1425 Cedar Avenue is a 10-unit multifamily investment property located in Long Beach, California. Constructed in 1953, the property consists of two buildings totaling approximately ± 6,222 rentable square feet and features a desirable mix of one- and two-bedroom residences within an established residential setting. The property offers a functional courtyard-style configuration with resident amenities that support everyday convenience and complement the character of the community. Gated access, dedicated garage parking, and shared community features enhance the resident experience while providing practical attributes valued within the Long Beach rental market. 1425 Cedar Avenue is centrally positioned near Downtown Long Beach with convenient access to major employment centers, public transportation, retail, dining, and recreational destinations throughout the city. The surrounding neighborhood is also benefiting from substantial public investment, including the ongoing transformation of Washington Middle School across the street from the property on Cedar Avenue. Together, 1425 Cedar Avenue’s established operating profile, balanced unit mix, resident amenities, and proximity to significant neighborhood investment create a compelling multifamily acquisition opportunity in Long Beach.
Listed by
Listing Agent - Tyler Leeson
Listing Agent Contact: Tleeson@marcusmillichap.com
Listing Office - Marcus & Millichap RE Invest
Source: CRMLS mls logo
MLS#OC26183126 • last updated 5 days ago
Movoto checked CRMLS for data 5 minutes ago
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Overview
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.15
Lot Size (SqFt) 6534
Year Built 1953
Interior
Laundry Community
Exterior
Building Area Square Feet, 6222
# Parking Spaces 4
# Garage Spaces 4
Lot Description Level With Street
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Gutters, Curbs, Street Lights, Sidewalks
Subdivision Other, Other (OTHR)
Directions Cross Streets Of Cedar Avenue & West 15th Street
APN 7269041021
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 6458
Expense: Trash 1794
Operating Expense 69528
Cap Rate 7.06
Expense: Insurance 10772
Total Expenses 69528
Expense: Maintenance 8000
Expense: Water/ Sewer 1794
Gross Income 220416
Gross Operating Income 208798
Expense: Electric 1794
Gross Multiplier 9.28
Gross Scheduled Income 215256
Expense: Fuel 1794
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4/10
4/10
Source: GreatSchools.org © 2026. All rights reserved.

Around Washington School

Explore everything this neighborhood has to offer. Learn more about Washington School.
81/100
Walk
95/100
Family
90/100
Dining
96/100
Pet
  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90813
  • Washington School
  • 1425 Cedar Ave

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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