Teriann McKenna
TM Real Estate Services
(424) 396-2889
10 Total Sales
1 in Washington School
$253,000 Price
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 Facilities
- Rectangular Lot
- No HOA
- East Facing Home
- Chain Link Fence
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
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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
- Entry on the 1st floor
- Flat Roof Shape
- Raised Foundation
- Stucco
Interior Spaces
- 10 Bathrooms
- 5,276 Sq Ft Home
- 2-Story Property
- Laminate Flooring
- Fire and Smoke Detector
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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
May 5, 2025
Closed on
Aug 28, 2025
Sold by
Bought by
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$2,375,000
Sold Price
$2,225,000
Premium/Discount to List
-$150,000
-6.32%
Views
4
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,625,000
Outstanding Balance
$1,610,650
Interest Rate
6.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 8, 2019
Sold by
Bought by
Purchase Details
Listed on
Feb 6, 2017
Closed on
May 15, 2017
Sold by
Bought by
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Michael Borba
Borba Investment Realty
List Price
$1,950,000
Sold Price
$1,862,500
Premium/Discount to List
-$87,500
-4.49%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,010,000
Interest Rate
4.03%
Mortgage Type
Commercial
Purchase Details
Listed on
Feb 6, 2017
Closed on
May 1, 2017
Sold by
Bought by
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Michael Borba
Borba Investment Realty
List Price
$1,950,000
Sold Price
$1,862,500
Premium/Discount to List
-$87,500
-4.49%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,010,000
Interest Rate
4.03%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 30, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,027,500
Interest Rate
3.96%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 26, 2011
Sold by
Bought by
Purchase Details
Closed on
Mar 20, 2011
Sold by
Bought by
Purchase Details
Closed on
Jan 23, 2009
Sold by
Bought by
Purchase Details
Closed on
May 9, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.46%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 25, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.46%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 3, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
5%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 30, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
8.5%
Mortgage Type
Commercial
Purchase Details
Closed on
May 3, 2000
Sold by
Bought by
Purchase Details
Closed on
Nov 15, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Washington School, CA
-
Teriann McKenna
-
Rudy Kusuma
Rudy Kusuma
LPT Realty, Inc
(916) 249-4078
153 Total Sales
1 in Washington School
$663,000 Price
-
Poupee Komenkul
Poupee Komenkul
Rodeo Realty
(747) 998-0899
146 Total Sales
2 in Washington School
$275K - $283K Price Range
-
Melissa Barlow
Melissa Barlow
Responds QuicklyElite Representation Real Estate
(424) 704-9071
43 Total Sales
1 in Washington School
$1,150,000 Price
-
Dennis Fulmore
Dennis Fulmore
Dennis Wayne Group
(424) 688-7260
20 Total Sales
1 in Washington School
$610,000 Price
-
Christine Cheng
Christine Cheng
Keller Williams Realty/Temecula
(628) 244-8657
52 Total Sales
2 in Washington School
$1,097,000 Price Range
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,225,000 | Fidelity National Title | ||
| -- | None Available | ||
| $1,862,500 | Fatcola | ||
| -- | None Available | ||
| $1,370,000 | Title 365 | ||
| $198,000 | Advantage Title Inc | ||
| -- | Advantage Title Inc | ||
| -- | None Available | ||
| $1,150,000 | Stewart Title Company | ||
| -- | Stewart Title | ||
| $750,000 | Fidelity National Title | ||
| $340,000 | Gateway Title | ||
| $1,100,000 | Fidelity National Title Oran | ||
| -- | -- |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,625,000 | ||
| Previous Owner | $1,050,000 | ||
| Previous Owner | $1,010,000 | ||
| Previous Owner | $1,027,500 | ||
| Previous Owner | $660,000 | ||
| Previous Owner | $50,000 | ||
| Previous Owner | $820,000 | ||
| Previous Owner | $562,500 | ||
| Previous Owner | $260,000 |
Source: Public Records
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 |
|---|---|---|---|---|---|
| 08/29/2025 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 | View Prior Sale |
| 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 | View Prior Sale |
| 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
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 |
|---|---|---|---|---|
| 2025 | $29,910 | $2,161,586 | $580,292 | $1,581,294 |
| 2024 | $28,614 | $2,119,203 | $568,914 | $1,550,289 |
| 2023 | $28,108 | $2,077,651 | $557,759 | $1,519,892 |
| 2022 | $26,395 | $2,036,914 | $546,823 | $1,490,091 |
| 2021 | $25,844 | $1,996,975 | $536,101 | $1,460,874 |
| 2020 | $25,779 | $1,977,399 | $530,604 | $1,446,795 |
| 2019 | $25,473 | $1,938,645 | $520,200 | $1,418,445 |
| 2018 | $24,802 | $1,900,650 | $510,000 | $1,390,650 |
| 2016 | $17,578 | $1,370,000 | $500,000 | $870,000 |
| 2015 | $14,391 | $1,127,071 | $307,383 | $819,688 |
| 2014 | $14,354 | $1,104,994 | $301,362 | $803,632 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Walker
Seller's Agent in 2025
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
88 Total Sales
-
Michael Borba
M
Seller Co-Listing Agent in 2025
Michael Borba
Borba Investment Realty
(562) 924-3858
1 in this area
7 Total Sales
-
Craig O'Rourke
Buyer Co-Listing Agent in 2017
Craig O'Rourke
Coldwell Banker Realty
(310) 714-5452
26 Total Sales
-
B
Seller's Agent in 2013
Bill Webster
SVN / Vanguard
-
G
Buyer's Agent in 2013
George Chigogidze
George Chigogidze
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25099702
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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