1495 Cedar Avenue

Long Beach, CA 90813

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,276 Sqft
  • 7419
    Sqft(Lot)
$2,375,000

Description

Super high yield 14-unit apartment opportunity at a 6.6% cap rate and 9.7x grm on actual rents. at only $169k/door this property qualifies for 73% ltv purchase financing ($645k down) and will deliver an 8.9% cash on cash return at a 7% 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Mediterranean

  • AD ID

    49626508

Sell a home like this and save $142,001 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Flat
    • Interior Features: Unfurnished
    • Property Appliances: Gas Oven,Gas Range
    • Fireplace: None
    • Flooring: Laminate

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1923
    • Building Area Total: 5,276
    • Construction: Stucco
    • Roof: Flat

    Foundation

    • Raised

    Security Features

    • Smoke Detector(s)

    Accessibility Features

    • None

    Pool Features

    • None

    Laundry Features

    • Common Area

    Fencing

    • Chain Link

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1703
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7419

  • Listing Price Information

    • Original List Price: 2,375,000
    • Listing Contract Date: 2025-04-22

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7269041008

  • Garage and Parking

    • Garage Description: Door-Single,Garage,Garage Faces Rear

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Directions: North of Anaheim, West of Long Beach Blvd
    • Zoning: LBR4N
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 102
    • Common Walls: 2+ Common Walls
    • Property Condition: Updated/Remodeled
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 05/12/2025 @ 04:36

  • MLS: SB25099702
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,276 sqft, 7,419 sized lot, and 5 parking. are nearby neighborhoods.