Seller's Agent in 2026
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
87 Total Sales
1415 Cedar Ave Long Beach, CA 90813
Washington School Neighborhood
3
Beds
3
Baths
6,922
Sq Ft
6,602
Sq Ft Lot Lot
Highlights
- No HOA
- Tile Flooring
- East Facing Home
- Laundry Room
- Wrought Iron Fence
- 1-minute walk to 14th Street Park
About This Home
As of April 2026Large 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
Last Agent to Sell the Property
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 11/26/2025
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
- Tenant pays for gas, electricity
- 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
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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 |
|---|---|---|---|---|---|
| 04/29/2026 04/29/26 | Sold | $2,020,000 | -3.6% | $292 / Sq Ft | |
| 02/25/2026 02/25/26 | Pending | -- | -- | -- | |
| 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)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $30,830 | $2,375,937 | $865,945 | $1,509,992 |
| 2024 | $30,830 | $2,329,351 | $848,966 | $1,480,385 |
| 2023 | $30,303 | $2,283,678 | $832,320 | $1,451,358 |
| 2022 | $28,548 | $2,238,900 | $816,000 | $1,422,900 |
| 2021 | $26,446 | $2,076,077 | $525,589 | $1,550,488 |
| 2020 | $26,378 | $2,056,610 | $520,200 | $1,536,410 |
| 2019 | $26,068 | $2,016,320 | $510,000 | $1,506,320 |
| 2018 | $19,380 | $1,479,188 | $624,240 | $854,948 |
| 2016 | $17,823 | $1,420,000 | $600,000 | $820,000 |
| 2015 | $12,402 | $979,180 | $305,994 | $673,186 |
| 2014 | $12,017 | $930,000 | $550,000 | $380,000 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Walker
-
Josh Ess
Seller Co-Listing Agent in 2026
Josh Ess
Buckingham Investments, Inc
(310) 982-7055
2 in this area
44 Total Sales
-
Sandy Do
Buyer's Agent in 2026
Sandy Do
Triumph Real Estate Solutions
(714) 653-8633
1 in this area
32 Total Sales
-
Chris van Vuuren
Seller's Agent in 2021
Chris van Vuuren
Lyon Stahl Investment Real Estate, Inc.
(424) 220-8960
1 in this area
19 Total Sales
-
Kevin King
Seller's Agent in 2018
Kevin King
Marcus & Millichap
(562) 257-1245
40 Total Sales
-
G
Buyer's Agent in 2018
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25266595
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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