1425 Cedar Ave Long Beach, CA 90813
Washington School NeighborhoodEstimated payment $13,176/month
Highlights
- No HOA
- Level Lot
- 3-minute walk to 14th Street Park
- Laundry Facilities
About This Home
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.
Listing Agent
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 08/20/2026
Property Details
Home Type
- Apartment
Year Built
- Built in 1953
Lot Details
- 6,534 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,222 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 20
- Tax Tract Number 5421
- Assessor Parcel Number 7269041021
- $2,013 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,794
- Fuel Expense $1,794
- Insurance Expense $10,772
- Maintenance Expense $8,000
- Professional Management Expense $10,698
- Trash Expense $1,794
- Water Sewer Expense $1,794
- New Taxes Expense $25,970
- Operating Expense $69,528
- Gross Income $220,416
- Net Operating Income $144,430
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $23,365 | $1,716,150 | $612,000 | $1,104,150 |
| 2025 | $23,365 | $1,682,500 | $600,000 | $1,082,500 |
| 2024 | $19,526 | $1,419,972 | $580,291 | $839,681 |
| 2023 | $19,184 | $1,392,130 | $568,913 | $823,217 |
| 2022 | $18,028 | $1,364,834 | $557,758 | $807,076 |
| 2021 | $17,635 | $1,338,073 | $546,822 | $791,251 |
| 2019 | $17,384 | $1,301,667 | $530,604 | $771,063 |
| 2018 | $16,890 | $1,276,209 | $520,200 | $756,009 |
| 2016 | $12,133 | $928,953 | $304,575 | $624,378 |
| 2015 | $11,666 | $915,000 | $300,000 | $615,000 |
| 2014 | $11,890 | $920,000 | $640,900 | $279,100 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/20/2026 08/20/26 | For Sale | $2,045,000 | +21.5% | $329 / 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 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,682,500 | Chicago Title Company | |
| Grant Deed | -- | Title 365 | |
| Grant Deed | $915,000 | Fatcola | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $1,150,000 | Ticor Title Co | |
| Grant Deed | $940,000 | Orange Coast Title Company | |
| Grant Deed | -- | North American Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,280,000 | New Conventional | |
| Closed | $1,000,000 | New Conventional | |
| Previous Owner | $790,000 | Commercial | |
| Previous Owner | $838,000 | Commercial | |
| Previous Owner | $640,500 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $660,000 | Commercial | |
| Previous Owner | $745,000 | Commercial | |
| Previous Owner | $502,000 | Commercial | |
| Previous Owner | $157,500 | Commercial | |
| Previous Owner | $321,000 | Commercial | |
| Previous Owner | $220,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26183126
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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