Sold for $2,020,000

Listed by: Buckingham Investments, Inc • Anthony Walker • Contact: 310-982-7055

Bought with: Triumph Real Estate Solutions

$2,020,000

1415 Cedar Ave, Long Beach, CA 90813

14beds

10baths

6,922sqft

Mixed Use

Built in 1949

-- sqft lot

$2,026,800 Zestimate^®

$292/sqft

$2,475 Estimated rent

Home value

$2,026,800

$1.84M - $2.23M

$2,475/mo

Zestimate^® history

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$2,475/mo

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$2,475/mo

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$12,805/mo

Est. payment

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$12,805/mo

Est. payment

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What's special

Community laundry room

Large high yield postwar 10 unit property in a dense high demand rental area of Long Beach. Great unit mix with five 2 bed/1 bath units, four 1 bed/1 bath units, and one studio in nearly 7,000 square feet of rentable space. High in-place cash flow at close with actual rents at 9.59X gross and a 6.2% cap rate plus a 12% upside to 8.43X GRM and a 7.4% cap rate at market. Community laundry room plus 5 garages for additional income or ADU conversion potential. All windows recently replaced in 2025. Convenient location in the Washington neighborhood directly across the street from Washington Middle School, currently undergoing a massive $176 Million reconstruction project. Excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Just 7 blocks North of Downtown Long Beach, with ongoing new developments of over $8 Billion. Walk Score 86/100

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 10

Heating

Wall Furnace

Cooling

None

Appliances

Included: Gas Cooktop, Gas Oven
Laundry: Common Area

Features

Flooring: Carpet, Tile
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 6,922
Total interior livable area: 6,922 sqft

Property

Parking

Total spaces: 5
Parking features: Garage Faces Rear
Garage spaces: 5

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None
Spa features: None
Fencing: Wrought Iron
Has view: Yes
View description: None

Lot

Size: 6,602 Square Feet
Features: Rectangular Lot

Details

Parcel number: 7269041027
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Materials

Stucco
Foundation: Raised
Roof: Composition

Condition

New construction: No
Year built: 1949

Utilities & green energy

Electric: Standard
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & HOA

Community

Features: Suburban

Location

Region: Long Beach

Financial & listing details

Price per square foot: $292/sqft
Date on market: 11/26/2025
Cumulative days on market: 91 days
Listing terms: 1031 Exchange
Total actual rent: 18105
Tenant pays: Electricity, Gas
Road surface type: Paved

Price history

Date	Event	Price
4/29/2026	Sold	$2,020,000-3.6%$292/sqft
Source: CRMLS #SB25266595 Report a problem
4/23/2026	Pending sale	$2,095,000$303/sqft
Source: CRMLS #SB25266595 Report a problem
4/13/2026	Contingent	$2,095,000$303/sqft
Source: CRMLS #SB25266595 Report a problem
11/26/2025	Listed for sale	$2,095,000-4.6%$303/sqft
Source: CRMLS #SB25266595 Report a problem
1/15/2021	Listing removed	$2,195,000$317/sqft
Source: CRMLS #SB20220336 Report a problem
1/6/2021	Contingent	$2,195,000$317/sqft
Source: CRMLS #SB20220336 Report a problem
12/9/2020	Pending sale	$2,195,000$317/sqft
Source: Lyon Stahl Investment Real Estate, Inc. #SB20220336 Report a problem
10/19/2020	Listed for sale	$2,195,000$317/sqft
Source: Lyon Stahl Investment Real Estate, Inc. #SB20220336 Report a problem