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Sold for $2,225,000
    • Listing Provided by: Buckingham Investments, Inc
    Bought with: Buckingham Investments, Inc
    $2,225,000

    1495 Cedar Ave, Long Beach, CA 90813

    2beds
    14baths
    5,276sqft
    Multi Family
    Built in 1923
    -- sqft lot
    $2,228,900 Zestimate®
    $422/sqft
    $2,842 Estimated rent

    Home value

    $2,228,900

    $2.03M - $2.45M

    $2,842/mo

    Zestimate® history
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    $2,842/mo

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    $14,208/mo

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    What's special

    Just reduced! Super high yield 14-unit apartment opportunity at a 7% cap rate and 9.2X GRM on actual rents. At only $160k/door this property qualifies for 75% LTV purchase financing ($562K down) and will deliver an 11% cash on cash return at a 7.5% cap rate after only one rent increase. 12 studios and two 1BD/1BA units in 5,276 rentable square feet on a 7,419 square foot lot. Significant renovations and capital improvements done including new separately metered complete electrical system, foundation earthquake retrofit, and most interiors are remodeled. Community laundry room plus 5 garages for additional income or ADU potential. 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. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (CoStar). Walk Score 86/100.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Anthony Walker DRE #01908153 310-561-4776,

    Buckingham Investments, Inc,

    Michael Borba DRE #01380572,

    Borba Investment Realty

    Bought with:

    Anthony Walker, DRE #01908153

    Buckingham Investments, Inc

    Source: CRMLS,MLS#: SB25099702MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 14
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Gas Oven, Gas Range
    • Laundry: Common Area
    Features
    • Unfurnished
    • Flooring: Laminate
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 5,276
    • Total interior livable area: 5,276 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Door-Single, Garage, Garage Faces Rear
    • Garage spaces: 5
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Front
    • Pool features: None
    • Spa features: None
    • Fencing: Chain Link
    • Has view: Yes
    • View description: None
    Lot
    • Size: 7,419 sqft
    • Features: Rectangular Lot
    Details
    • Parcel number: 7269041008
    • Zoning: LBR4N
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Mediterranean
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Stucco
    • Foundation: Raised
    • Roof: Flat
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1923

    Utilities & green energy

    • Electric: Standard, 220 Volts
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Community
    • Community features: Urban
    Location
    • Region: Long Beach
    • Subdivision: Washington

    HOA & financial

    Other financial information
    • Total actual rent: 19809

    Other

    Other facts
    • Listing terms: Cash to New Loan
    • Road surface type: Alley Paved

    Price history

    DateEventPrice
    8/29/2025Sold$2,225,000-1.1%$422/sqft
    Source: CRMLS #SB25099702 Report a problem
    8/26/2025Pending sale$2,250,000$426/sqft
    Source: CRMLS #SB25099702 Report a problem
    7/3/2025Contingent$2,250,000$426/sqft
    Source: CRMLS #SB25099702 Report a problem
    6/20/2025Price change$2,250,000-5.3%$426/sqft
    Source: CRMLS #SB25099702 Report a problem
    5/5/2025Listed for sale$2,375,000+25.3%$450/sqft
    Source: CRMLS #SB25099702 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    2/9/2020Listing removed$1,199
    Source: Owner Report a problem
    1/10/2020Listed for rent$1,199+34%
    Source: Owner Report a problem
    6/12/2017Listing removed$1,895,000$359/sqft
    Source: Buckingham Investments, Inc. #SB17025192 Report a problem
    4/12/2017Pending sale$1,895,000$359/sqft
    Source: Buckingham Investments, Inc. #SB17025192 Report a problem
    3/23/2017Price change$1,895,000-2.8%$359/sqft
    Source: Buckingham Investments, Inc. #SB17025192 Report a problem
    3/6/2017Listed for sale$1,950,000$370/sqft
    Source: Buckingham Investments, Inc. #SB17025192 Report a problem
    2/27/2017Pending sale$1,950,000$370/sqft
    Source: Buckingham Investments, Inc. #SB17025192 Report a problem
    2/7/2017Listed for sale$1,950,000$370/sqft
    Source: Buckingham Investments, Inc. #SB17025192 Report a problem
    7/18/2016Listing removed$895-3.2%
    Source: Borba Investment Realty, Inc. Report a problem
    2/19/2016Listing removed$925
    Source: Borba Investment Realty, Inc. Report a problem
    2/6/2016Listed for rent$925+23.3%
    Source: Borba Investment Realty, Inc. Report a problem
    12/5/2014Listing removed$750
    Source: BJ Properties Report a problem
    11/20/2014Listed for rent$750
    Source: BJ Properties Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Washington School

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    Estimated market value
    $2,228,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,228,900

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