1415 Cedar, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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Long Beach, California 90813
This High-Yield Multi-Family Asset is a High-Potential Investment Opportunity listed at $2,095,000, positioned accurately at its $2,095,000 Fair Market Value. Boasting a 6.2% In-Place Cap Rate and a Fair Condition Rating, the property provides robust cash flow with a projected 7.4% Market Cap Rate upside. Key value-add drivers include 5 Garages with ADU Conversion Potential and Recently Replaced Windows (2025). Located directly across from a $176 Million School Reconstruction, this 10-unit building is a strategic acquisition for Buy-and-Hold Investors or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1415 Cedar Subject | $2,095,000* List Price | 0 | 0 | 6,922 | $303 | - |
A 1415 1425 Martin Luther King Jr Avenue Sold | $2,363,000 | 0 | 0 | 7,282 | $324 | 0.8 mi |
B 1757 Long Beach Active | $2,500,000 List Price | 0 | 0 | 7,100 | $352 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1949, this multi-unit property shows signs of regular maintenance and some recent updates, such as newly replaced windows (2025) and updated flooring/ceiling fans in at least one bedroom. However, the kitchens and bathrooms are significantly dated in style, featuring older tiled countertops, backsplash, and vanity designs, suggesting renovations that are likely 20-30+ years old. While clean and functional, these key areas require minor updates to meet current aesthetic standards. The property is aged but maintained, fitting the 'Fair' category.
The property boasts high in-place cash flow with a 6.2% cap rate, offering significant market upside potential to a 7.4% cap rate, indicating robust investment returns.
Located in a dense, high-demand rental area of Long Beach with excellent transit access to the Metro Blue Line, PCH, and 710 freeway, complemented by a high Walk Score of 86.
Includes a community laundry room and 5 garages, providing immediate additional income streams and potential for future ADU conversions to further enhance value.
Built in 1949, the property's age suggests potential for aging infrastructure beyond the recently replaced windows, which may necessitate future capital expenditures for other systems.
The property explicitly states 'None' for views, which could be a minor detractor for tenant appeal and overall market value compared to properties with scenic outlooks.
Being directly across from a school undergoing a $176 Million reconstruction project may lead to temporary noise, dust, and traffic disruptions for tenants.
Large high yield postwar 10 unit property in a dense high demand rental area of Long Beach. Great unit mix with five 2 bed/1 bath units, four 1 bed/1 bath units, and one studio in nearly 7,000 square feet of rentable space. High in-place cash flow at close with actual rents at 9.59X gross and a 6.2% cap rate plus a 12% upside to 8.43X GRM and a 7.4% cap rate at market. Community laundry room plus 5 garages for additional income or ADU conversion potential. All windows recently replaced in 2025. 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. Walk Score 86/100
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 6,922 | 3,540 | 67% |
| Lot Size | 6,602 | 6,602 | 50% |
| Price | $2.10M | $1.30M | 67% |
| Price per sq ft | $303 | $303 | 50% |
| Built year | 1949 | 1928 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 147 | 270 | 33% |
Nov 26, 2025
$2,095,000
Initial Listing
Mar 26, 2021
$2,195,000
Public Record
May 22, 2018
$1,975,000
Public Record
Nov 18, 2015
$1,420,000
Public Record
Jan 22, 2014
$960,000
Public Record
Jul 26, 2005
$1,090,000
Public Record