Back to Search
1425 Cedar
For Sale $2,100,000
$2,100,000
- 10 Units
- Unknown Sq Ft
- 6,691 Sq Ft
- Unknown Cap Rate
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 Park, a half-mile to the Anaheim Street Station of the Metro Blue Line, and conveniently near the 710 Freeway and Downtown Long Beach. This strong rental location provides consistent rental demand.
Loading map...
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 | $2,100,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 4 spots |
| Year Built | 1953 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7269041021 |
| MLS # | PW25265523 |
| Property ID | 322408154 |
| Lot Sqft | 6,691 |
| Zoning | Unknown |
| Total Units | 10 |
| Days on Market | 12 |
| Original List Price | $2,100,000 |
| Date Updated | November 24, 2025 |
| Date Created | November 24, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Steven Bogoyevac an agent of . Lic #01332755
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of November 24, 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