1415 Cedar, Long Beach, California 90813, Long Beach, 90813 - bed, bath
1415 Cedar
Long Beach, California 90813
Property Price
SUMMARY
Analysis of 1415 Cedar, Long Beach, California 90813 is currently available with a list price of $2,095,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Financial Performance & Upside
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.
- Strategic Location & Accessibility
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.
- Value-Add Opportunities
Includes a community laundry room and 5 garages, providing immediate additional income streams and potential for future ADU conversions to further enhance value.
CONSRISKS & DEFICIENCIES
- Property Age & Potential Deferred Maintenance
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.
- Absence of Views
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.
- Short-Term Construction Impact
Being directly across from a school undergoing a $176 Million reconstruction project may lead to temporary noise, dust, and traffic disruptions for tenants.
About 1415 Cedar
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
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1949
- Lot Size
- 6,602 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Roosevelt Elementary School
Grades K-5 • 0.5 mi
International Elementary School
Grades K-5 • 0.7 mi
Edison Elementary School
Grades K-5 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 6,922 | 5,231 | 50% |
| Lot Size | 6,602 | 6,702 | 50% |
| Price | $2.10M | $1.70M | 50% |
| Price per sq ft | $303 | $314 | 50% |
| Built year | 1949 | 1929 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 100 | 215 | 25% |
Pricing History
Listed for Sale
Nov 26, 2025
$2,095,000
Initial Listing
Sold
Mar 26, 2021
$2,195,000
Public Record
Sold
May 22, 2018
$1,975,000
Public Record
Sold
Nov 18, 2015
$1,420,000
Public Record
Sold
Jan 22, 2014
$960,000
Public Record
Sold
Jul 26, 2005
$1,090,000
Public Record