1425 Cedar Ave Long Beach, CA 90813
Washington School NeighborhoodEstimated payment $13,070/month
Highlights
- Laundry Room
- Rectangular Lot
- 3-minute walk to 14th Street Park
About This Home
1425 Cedar Avenue is a 10-unit apartment building in Long Beach, California surrounded by numerous major development projects. This offering is an excellent acquisition opportunity for any investor looking for an outstanding going-in cap rate (6.30%) and both immediate and long-term upside potential in a strong coastal rental market. Current rents offer 27 percent rental upside, and plans have been drafted to convert the existing four single-car garages to four one-bedroom ADU’s. 1425 Cedar Avenue consists of eight one-bed/one-bath units and two two-bed/one-bath units, all of which are separately metered for gas and electricity. Select units have been remodeled, and the property also offers income-generating on-site laundry. This building is located directly across from the five-acre site of the $176 Million rebuild of Washington Middle School that is currently underway. Demonstrating further investment in the area, two new 10- and 36-unit condo projects have been completed nearby in the past few years, a 160-unit project is under construction a few blocks away, and on the opposite side of Washington Middle School, a residential care facility has plans for expansion to 60 beds. Furthermore, 1425 Cedar is just down the block from 14th Street Park, around the corner from Seaside Park, a half-mile to the Anaheim Street Station of the Metro Blue Line, and conveniently near the 710 Freeway and Downtown Long Beach. This strong rental location provides consistent rental demand.
Listing Agent
Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 11/24/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 6,691 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,222 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 20
- Tax Tract Number 5421
- Assessor Parcel Number 7269041021
- $1,821 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- Operating Expense $72,886
- Gross Income $208,877
- Net Operating Income $132,204
Additional Features
- 10 Units
- Laundry Facilities
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 |
|---|---|---|---|---|---|
| 11/24/2025 11/24/25 | For Sale | $2,100,000 | +24.8% | $338 / Sq Ft | |
| 11/08/2024 11/08/24 | Sold | $1,682,500 | 0.0% | $270 / Sq Ft | View Prior Sale |
| 10/23/2024 10/23/24 | Off Market | $1,682,500 | -- | -- | |
| 08/13/2024 08/13/24 | For Sale | $1,850,000 | 0.0% | $297 / Sq Ft | |
| 10/08/2022 10/08/22 | Rented | $1,250 | 0.0% | -- | |
| 09/26/2022 09/26/22 | Under Contract | -- | -- | -- | |
| 08/31/2022 08/31/22 | For Rent | $1,250 | 0.0% | -- | |
| 01/05/2016 01/05/16 | Sold | $1,223,000 | -2.2% | $197 / Sq Ft | View Prior Sale |
| 09/11/2015 09/11/15 | Pending | -- | -- | -- | |
| 07/17/2015 07/17/15 | For Sale | $1,250,000 | -- | $201 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25265523
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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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