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1495 Cedar Avenue

Long Beach, CA 90813

– beds
– baths
– sqft
7,419 sqft lot
1923 build
– on site

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.

Listed By CRMLS_CA / Anthony Walker / Buckingham Investments, Inc / 310-561-4776

Last checked: Checking… • Last updated May 5, 2025 •

MLS# SB25099702 —

The Building

Year Built:

1923
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

5276.00
Building Area Units:

Square Feet
Total Number Of Units:

14
# of Buildings:

1
Architectural Style:

Mediterranean
Roof:

Flat
Foundation:

Raised
Stories Total:

2
Entry Level:

1
Accessibility Features:

None
Common Walls:

2+ Common Walls
Faces:

East
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

15

Interior

Features:

Unfurnished
Levels:

Two
Entry Location:

Front
Flooring:

Laminate
Fireplace:

No
Fireplace:

None
Laundry:

Common Area
Laundry:

1

Location

Directions:

North of Anaheim, West of Long Beach Blvd
Latitude:

33.78579600
Longitude:

-118.19543500

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Updated/Remodeled
Zoning:

LBR4N
Lot Features:

Rectangular Lot
Lot Size Area:

7419.0000
Lot Size Acres:

0.1703
Lot Size SqFt:

7419.00
Lot Size Source:

Assessor
View:

None
Fencing:

Chain Link
Fence:

Yes
Security Features:

Smoke Detector(s)
Road Frontage:

Alley, City Street
Road Surface Type:

Alley Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5754.01
Tax Tract:

5421
Tax Lot:

6

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7269041008

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Sewer:

Public Sewer
Electric:

220 Volts, Standard
Water Source:

Public

Appliances

Appliances:

Gas Oven, Gas Range
Included:

Yes

The Community

Subdivision:

Other (OTHR)
Subdivision:

Washington
Features:

Urban
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Garage Faces Rear, Garage - Single Door
Parking Spaces:

5.00
Garage Spaces:

5.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/5/25 May 5, 2025	Listed / Active	CRMLS_CA	$2,375,000	115.9% (9.7% / YR)
5/21/13 May 21, 2013		CRMLS_CA	$1,100,000

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This multifamily located in Washington School, Long Beach, CA 90813 is currently for sale for $2,375,000. 1495 Cedar Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 1495 Cedar Avenue is in the Washington School neighborhood of Long Beach and has a WalkScore® of 84, making it very walkable. This multifamily is in the attendance area of Jenny Oropeza Elementary School, Washington Middle School, and Cabrillo High School.

Listing Courtesy of: CRMLS_CA and Buckingham Investments, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 21:29 on May 05.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.