$2,100,000

1425 Cedar, Long Beach, CA 90813

  • 6,222 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1953
  • Property Lot Size Icon6,534sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $338/sqft
  • Property List Date Icon Listed 11 days ago

Property Description

1425 Cedar Avenue is a 10-unit apartment building in Long Beach, California surrounded by numerous major development projects. This offering is an excellent acquisition opportunity for any investor looking for an outstanding going-in cap rate (6.30%) and both immediate and long-term upside potential in a strong coastal rental market. Current rents offer 27 percent rental upside, and plans have been drafted to convert the existing four single-car garages to four one-bedroom ADU's. 1425 Cedar Avenue consists of eight one-bed/one-bath units and two two-bed/one-bath units, all of which are separately metered for gas and electricity. Select units have been remodeled, and the property also offers income-generating on-site laundry. This building is located directly across from the five-acre site of the $176 Million rebuild of Washington Middle School that is currently underway. Demonstrating further investment in the area, two new 10- and 36-unit condo projects have been completed nearby in the past few years, a 160-unit project is under construction a few blocks away, and on the opposite side of Washington Middle School, a residential care facility has plans for expansion to 60 beds. Furthermore, 1425 Cedar is just down the block from 14th Street Park, around the corner from Seaside Pa

Listing Status:
Active
Date Added:
November 24, 2025 at 06:00AM
Listing Office:
Steven M. Bogoyevac, Broker : 562-436-5800
Listing Agent:
Steven Bogoyevac : 562-257-1231
MLS ID:
CRPW25265523
  • Laundry: Common Area
  • Originating MLS: CRMLS
  • County: Los Angeles
  • Zoning: 7269041021
  • Source: CRMLS

This listing courtesy of Steven Bogoyevac, Steven M. Bogoyevac, Broker

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Roosevelt Elementary School

1574 Linden Ave, Long Beach, CA, 90813

Grades KG-5

0.54 miles away

W

Washington Middle School

1450 Cedar Ave, Long Beach, CA, 90813

Grades 6-8

0.06 miles away

E

Educational Partnership High School

1794 Cedar Ave, Long Beach, CA, 90813

Grades 9-12

0.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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