NOT LISTED FOR SALE
7 Beds
6 Baths
4,464 Sq Ft
7,735 Sq Ft Lot

Sale Details

Date Sold: January 22, 2026

Last sale price $1,105,000 $248 Per Sq Ft

56 Days on Market

Highlights

  • No HOA
  • Rectangular Lot
  • 5-minute walk to 14th Street Park
  • Laundry Facilities

About This Home

As of January 2026

1526 Cedar Avenue is a six-unit multifamily asset located in the Washington District of Long Beach, offering investors a true value-add opportunity with multiple paths to increase income and long-term value. Sitting on a large 7,735 square foot lot, the property provides the potential to add an ADU by converting the detached garages or utilizing the middle section of the lot, which would significantly boost future income (Buyer to Verify). In addition, the building features one vacant unit that allows a new owner to capture market rent immediately, while the property overall offers approximately 21.5% rental upside. The unit mix consists of (1) two-bedroom, one-bath unit and (5) one-bedroom, one-bath units. The property is also well-positioned near George Washington Middle School, which is currently undergoing a $175 million modernization project that will drive continued neighborhood improvement and tenant demand. Altogether, 1526 Cedar presents investors with the chance to capitalize on immediate income growth, long-term development potential, and the benefits of a rapidly gentrifying area.

Last Agent to Sell the Property

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-403-9145 License #01944770 Listed on: 10/06/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-403-9145 License #01981597

Last Buyer's Agent

Liliane Tran

Vietnam USA Holding Corp License #01505609

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 7,735 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Parking

  • 6 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,464 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 5754
  • Assessor Parcel Number 7269002009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,357
  • Professional Management Expense $5,645
  • Trash Expense $1,200
  • Operating Expense $36,492
  • Gross Income $107,592
  • Net Operating Income $73,017

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

7,735 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 6.00
  • Professional Management Expense: 5645.00
  • Property Attached: Yes
  • Subdivision Name Other: Washington District
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7269002009
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 247.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7735.00
  • Lot Size Acres: 0.1776

Multi Family

  • Gross Income: 107592.00
  • Gross Multiplier: 10.00
  • Gross Scheduled Income: 107592.00
  • Insurance Expense: 5357.00
  • Lot Size Area: 7735.0000 Square Feet
  • Net Operating Income: 73017.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Operating Expense: 36492.00
  • Rent Control: No
  • Total Expenses: 36492.00

Tax Info

  • Tax Lot: 19
  • Tax Tract Number: 5754.01

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Washington School, CA

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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
$1,105,000 First American Title Company
Sierra Gloria G $755,000 Title 365
Standmor Llc -- Accommodation
Rose Stesven C $575,000 Fidelity National Title Co
West Ridge Rentals Llc $463,000 Fidelity National Title Co
Boon Cynthia L -- None Available
Boon Cynthia Lee $830,000 Ticor Title Co Fullerton
Stojakovic Danny B $705,000 North American Title Co
Substance Abuse Foundation Of Long Beach $700,000 Orange Coast Title
Substance Abuse Foundation Of Long Beach -- Orange Coast Title
D & V Gardner Llc -- --
Gardner John David $233,463 --
Leon Diomedes W -- --
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
Previous Owner $500,000
Previous Owner Sierra Gloria G $525,000
Previous Owner Sierra Gloria G $500,000
Previous Owner Rose Stesven C $292,000
Previous Owner Boon Cynthia Lee $524,000
Previous Owner Stojakovic Danny B $475,000
Previous Owner Substance Abuse Foundation Of Long Beach $1,500,000
Previous Owner Gardner John David $57,470
Previous Owner Gardner John David $147,823
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
01/22/2026 01/22/26 Sold $1,105,000 -3.9% $248 / Sq Ft
12/01/2025 12/01/25 Pending -- -- --
10/06/2025 10/06/25 For Sale $1,150,000 +52.3% $258 / Sq Ft
08/21/2014 08/21/14 Sold $755,000 +1.3% $169 / Sq Ft View Prior Sale
06/24/2014 06/24/14 Pending -- -- --
06/18/2014 06/18/14 For Sale $745,000 +29.6% $167 / Sq Ft
04/16/2013 04/16/13 Sold $575,000 -11.5% $129 / Sq Ft View Prior Sale
02/12/2013 02/12/13 Pending -- -- --
07/06/2012 07/06/12 For Sale $649,900 -- $146 / 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
2026 $12,873 $925,534 $367,762 $557,772
2025 $12,873 $907,387 $360,551 $546,836
2024 $12,323 $889,596 $353,482 $536,114
2023 $12,110 $872,153 $346,551 $525,602
2022 $11,388 $855,053 $339,756 $515,297
2021 $11,139 $838,289 $333,095 $505,194
2019 $10,981 $813,426 $323,216 $490,210
2018 $10,597 $797,478 $316,879 $480,599
2016 $9,744 $766,513 $304,575 $461,938
2015 $9,364 $755,000 $300,000 $455,000
2014 $7,474 $577,610 $200,908 $376,702
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25233154

California Regional Multiple Listing Service (CRMLS)
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