1425 Cedar Avenue

Long Beach, CA 90813

  • 0 Bed(s)
  • 0 Bath(s)
  • 6,222 Sqft
  • 6691
    Sqft(Lot)
$2,195,000

Description

1425 cedar avenue is a 10- unit apartment asset located in the washington district of long beach. the value-add opportunity is priced at 10.57 grm and 6% cap rate at current rents and 7.76 grm and a 9.16% cap rate at market rents. in addition to the 32% of rental upside, a buyer has the ability to add four (4) studio adu’s to the back garages. adu plans are ready to be submitted to the city of long beach for approval. after adu construction, the grm projects to be 6.06 with a cap rate above 11%. the current property is comprised of (8) 1 bed/1bath units and (2) 2 bed/1 bath units with some units lightly renovated with new flooring and updated kitchen and bathrooms. with a walk score of 84, the property is ideally positioned for tenant convenience, offering close proximity to a wide range of amenities, including shops, restaurants, and entertainment venues. directly across the street is washington middle school, which is currently undergoing a massive $176 million reconstruction project that will further improve its vibrant neighborhood. 1425 cedar avenue offers investors a well-maintained asset with upside in an infill location experiencing continued growth and revitalization.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50428741

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1953
    • Building Area Total: 6,222

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1536
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6691

  • Listing Price Information

    • Original List Price: 2,195,000
    • Listing Contract Date: 2025-07-15

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7269041021

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 699 - Not Defined
    • Directions: 1425 Cedar
    • Zoning: LBR4N
    • Source Property Type: Residential Income
    • Area: 699 - Not Defined
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 72
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 07/26/2025 @ 09:22

  • MLS: PW25151840
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 6,222 sqft, 6,691 sized lot, and 4 parking. are nearby neighborhoods.