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1425 Cedar Ave
For Sale $2,095,000
$2,095,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 6,691 Sq Ft
Description
1425 Cedar Avenue is a 10-unit apartment building located across the street from Washington Middle School, which is currently undergoing a massive $176 million reconstruction project. This value-add opportunity is priced at a 10.03 GRM and a 6.41% cap rate at current rents, with projected metrics of 7.41 GRM and 9.66% cap rate at market rents reflecting a 32% rental upside.
ADU plans have been submitted to the City of Long Beach for approval, allowing a buyer to add four (4) one-bedroom units in the back garages. Upon ADU construction, the property is projected to achieve a 5.51 GRM with a 13.47% cap rate.
The property currently consists of eight (8) 1-bed/1-bath units and two (2) 2-bed/1-bath units, with select units featuring new flooring and updated kitchens and bathrooms.
With a Walk Score of 84, 1425 Cedar Avenue offers excellent tenant convenience near shops, restaurants, and entertainment venues.
This well-maintained asset in an infill Long Beach location is experiencing continued growth and revitalization, providing investors with both immediate income and long-term upside.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,095,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 4 spots |
| Year Built | 1953 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7269041021 |
| MLS # | PW25151840 |
| Property ID | 294287259 |
| Lot Sqft | 6,691 |
| Zoning | LBR4N |
| Total Units | 10 |
| Days on Market | 144 |
| Original List Price | $2,195,000 |
| Date Updated | September 29, 2025 |
| Date Created | July 15, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $13,225 | $0 |
| Net Income (Yr) | $ 134,191 |
| Cap Rate | 6.41% |
Listing Provided By
Robert Stepp an agent of . Lic #01456379
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 29, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT