1425 Cedar, Long Beach, CA 90813
LATEST
12
10|Apartment
NZD $3,609,228
USD $1,995,000
Published on: 13 Nov 2026
Last updated on: 13 Nov 2026
Property ID: 110121208637
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Long Beach, CA
1425 Cedar, Long Beach, CA 90813
Amazing 7.4% in-place yield plus a 10% upside to an 8.4% cap rate at market! 1953-built, 10-unit property in a dense, high-demand rental area of Long Beach. 8.9X GRM on current rents and 8.1X GRM at market for postwar units under $200K/door. Strong unit mix: (8) 1 bed / 1 bath and (2) 2 bed / 1 bath units. 4 of 10 units just remodeled with new flooring, lighting, kitchens and bathrooms. Community laundry room plus 4 garages for added income or ADU conversion potential. All units separately metered for gas and electricity. Directly across from Washington Middle School, currently undergoing a $176 million reconstruction. Just a few blocks to the Metro Blue Line rail station, PCH and the 710 Freeway. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (Costar).
Property Details
Basic Info
Indoor Feature
Outdoor Feature
Basic Info
Property Type
Apartment
Listing Status
Active
Land Size
621.60 m2
Year Built
1953
Rooms
12 bedroom(s), 10 bathroom(s)
Num Floors
2
County
Los Angeles
Parcel ID
7269041021
Provider
California Regional Multiple Listing Service, Inc
Subdivision
Other (OTHR)
Brokerage Office Name
Buckingham Investments, Inc.
Brokerage Office Phone
(562) 208-4890
Neighbourhoods
Other (OTHR)
Address
1425 Cedar, Long Beach, CA 90813
Contact Agent
Anthony Walker
Buckingham Investments, Inc
1304 El Prado Ave Ste C , Torrance, CA 90501
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Contact Agent
Contact Agent
Email enquiry to Buckingham Investments, Inc
Anthony Walker
1304 El Prado Ave Ste C , Torrance, CA 90501
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Property ID: 110121208637
Original Property ID: 3yd-MRMLSCA-SB26242091Data provided by California Regional Multiple Listing Service, Inc, MLS #: SB26242091
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