1415 Cedar Ave Long Beach, CA 90813
Washington School NeighborhoodEstimated payment $13,115/month
Highlights
- No HOA
- Tile Flooring
- East Facing Home
- Laundry Room
- Wrought Iron Fence
- 1-minute walk to 14th Street Park
About This Home
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
Listing Agent
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 11/26/2025
Co-Listing Agent
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #02035659
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 6,602 Sq Ft Lot
- Two or More Common Walls
- East Facing Home
- Wrought Iron Fence
- Rectangular Lot
Parking
- 5 Car Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Property Attached
- Entry on the 1st floor
- Raised Foundation
- Composition Roof
- Stucco
Interior Spaces
- 6,922 Sq Ft Home
- 2-Story Property
- Laundry Room
Kitchen
- Gas Oven
- Gas Cooktop
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Location
- Suburban Location
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 26
- Tax Tract Number 5421
- Assessor Parcel Number 7269041027
- $1,865 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Leased Units
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,447
- Fuel Expense $3,447
- Gardener Expense $2,400
- Insurance Expense $12,114
- Pest Control $1,200
- Professional Management Expense $10,380
- Trash Expense $3,448
- Water Sewer Expense $3,448
- New Taxes Expense $26,188
- Operating Expense $77,394
- Gross Income $1,200
- Net Operating Income $130,203
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/26/2025 11/26/25 | For Sale | $2,095,000 | -4.6% | $303 / Sq Ft | |
| 03/26/2021 03/26/21 | Sold | $2,195,000 | 0.0% | $317 / Sq Ft | View Prior Sale |
| 12/08/2020 12/08/20 | Pending | -- | -- | -- | |
| 10/19/2020 10/19/20 | For Sale | $2,195,000 | +11.1% | $317 / Sq Ft | |
| 05/25/2018 05/25/18 | Sold | $1,975,000 | -3.7% | $285 / Sq Ft | View Prior Sale |
| 04/09/2018 04/09/18 | Pending | -- | -- | -- | |
| 03/08/2018 03/08/18 | Price Changed | $2,050,000 | -2.4% | $296 / Sq Ft | |
| 11/29/2017 11/29/17 | Price Changed | $2,100,000 | -2.3% | $303 / Sq Ft | |
| 10/17/2017 10/17/17 | For Sale | $2,150,000 | +51.4% | $311 / Sq Ft | |
| 11/20/2015 11/20/15 | Sold | $1,420,000 | -5.3% | $206 / Sq Ft | View Prior Sale |
| 10/12/2015 10/12/15 | Pending | -- | -- | -- | |
| 07/21/2015 07/21/15 | For Sale | $1,499,000 | +56.1% | $217 / Sq Ft | |
| 01/22/2014 01/22/14 | Sold | $960,000 | -3.0% | $139 / Sq Ft | View Prior Sale |
| 12/03/2013 12/03/13 | Pending | -- | -- | -- | |
| 07/19/2013 07/19/13 | For Sale | $990,000 | -- | $143 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25266595
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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