1425 Cedar, Long Beach, CA 90813

• 6,222 sqft

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

Interior

• Laundry: Common Area

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: 7269041021

Financial

• Source: CRMLS

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