1495 Cedar Ave Long Beach, CA 90813
Washington School Neighborhood
--
Bed
10
Baths
5,276
Sq Ft
7,419
Sq Ft Lot
Highlights
- Mediterranean Architecture
- Laundry Room
- Rectangular Lot
- No HOA
- East Facing Home
- 4-minute walk to 14th Street Park
About This Home
As of August 2025Just reduced! Super high yield 14-unit apartment opportunity at a 7% cap rate and 9.2X GRM on actual rents. At only $160k/door this property qualifies for 75% LTV purchase financing ($562K down) and will deliver an 11% cash on cash return at a 7.5% cap rate after only one rent increase. 12 studios and two 1BD/1BA units in 5,276 rentable square feet on a 7,419 square foot lot. Significant renovations and capital improvements done including new separately metered complete electrical system, foundation earthquake retrofit, and most interiors are remodeled. Community laundry room plus 5 garages for additional income or ADU potential.
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. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (CoStar). Walk Score 86/100.
Last Agent to Sell the Property
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 05/05/2025
Last Buyer's Agent
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 05/05/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923 | Remodeled
Lot Details
- 7,419 Sq Ft Lot
- Property fronts an alley
- Two or More Common Walls
- East Facing Home
- Chain Link Fence
- Rectangular Lot
Parking
- 5 Car Garage
- Parking Available
- Rear-Facing Garage
- Single Garage Door
Home Design
- Mediterranean Architecture
- Apartment
- Flat Roof Shape
- Raised Foundation
- Stucco
Interior Spaces
- 10 Bathrooms
- 5,276 Sq Ft Home
- 2-Story Property
- Laminate Flooring
- Fire and Smoke Detector
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
Location
- Urban Location
Utilities
- Wall Furnace
- 220 Volts
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 6
- Tax Tract Number 5421
- Assessor Parcel Number 7269041008
- $2,245 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 14 Units
Amenities
- Laundry Facilities
Building Details
- 13 Leased Units
- Rent Control
- 15 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $618
- Fuel Expense $3,458
- Gardener Expense $2,315
- Insurance Expense $9,233
- Maintenance Expense $11,617
- Pest Control $1,200
- Professional Management Expense $11,617
- Trash Expense $2,725
- Water Sewer Expense $2,281
- New Taxes Expense $28,125
- Operating Expense $74,337
- Gross Income $244,217
- Net Operating Income $156,432
Similar Homes in Long Beach, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | Sold | $2,225,000 | -1.1% | $422 / Sq Ft |
| 06/27/2025 06/27/25 | Pending | -- | -- | -- |
| 06/19/2025 06/19/25 | Price Changed | $2,250,000 | -5.3% | $426 / Sq Ft |
| 05/05/2025 05/05/25 | For Sale | $2,375,000 | +27.5% | $450 / Sq Ft |
| 06/09/2017 06/09/17 | Sold | $1,862,500 | -1.7% | $353 / Sq Ft |
| 03/23/2017 03/23/17 | Price Changed | $1,895,000 | -2.8% | $359 / Sq Ft |
| 02/06/2017 02/06/17 | For Sale | $1,950,000 | +77.3% | $370 / Sq Ft |
| 05/21/2013 05/21/13 | Sold | $1,100,000 | -8.3% | $208 / Sq Ft |
| 04/19/2013 04/19/13 | Pending | -- | -- | -- |
| 04/02/2013 04/02/13 | For Sale | $1,200,000 | -- | $227 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Anthony Walker
Seller's Agent in 2025
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
2 in this area
80 Total Sales
-
Michael Borba
M
Seller Co-Listing Agent in 2025
Michael Borba
Borba Investment Realty
(562) 924-3858
1 in this area
10 Total Sales
-
Craig O'Rourke
Buyer Co-Listing Agent in 2017
Craig O'Rourke
Coldwell Banker Realty
(310) 714-5452
25 Total Sales
-
Bill Webster
Seller's Agent in 2013
Bill Webster
SVN / Vanguard
(714) 865-9116
-
G
Buyer's Agent in 2013
George Chigogidze
George Chigogidze
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25099702
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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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