1415 Cedar, Long Beach, CA 90813

• 6,922 sqft

Property Description

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

Listing Status:

Active

Date Added:

November 26, 2025 at 06:00AM

Listing Office:

Buckingham Investments, Inc : 310-982-7055

Listing Agent:

Anthony Walker : 310-982-7055

MLS ID:

CRSB25266595

Interior

• Laundry: Other
• Flooring: TileCarpet
• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: Garage Faces Rear

Construction

• General: Stucco

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: 7269041027
• View: None

Financial

• Source: CRMLS

This listing courtesy of Anthony Walker, Buckingham Investments, Inc