Yvette Watson - Coldwell Banker Commercial Real Estate Solutions Logo
New Listing
$1,995,000
 $10,710 est/mo Sourced by Back At You

1425 Cedar,Long Beach, CA 90813

Long Beach, CA 90813

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Description

Amazing 7.4% in-place yield plus a 10% upside to an 8.4% cap rate at market! 1953-built, 10-unit property in a dense, high-demand rental area of Long Beach. 8.9X GRM on current rents and 8.1X GRM at market for postwar units under $200K/door. Strong unit mix: (8) 1 bed / 1 bath and (2) 2 bed / 1 bath units. 4 of 10 units just remodeled with new flooring, lighting, kitchens and bathrooms. Community laundry room plus 4 garages for added income or ADU conversion potential. All units separately metered for gas and electricity. Directly across from Washington Middle School, currently undergoing a $176 million reconstruction. Just a few blocks to the Metro Blue Line rail station, PCH and the 710 Freeway. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (Costar).

Details

MLS #SB26242091
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1953
Days On Site4
Listing Provided ByBuckingham Investments, Inc | Anthony Walker

Features

SQ Feet6,222
Garage4
Story(s)2
Units10
Building(s)2
Acreage0.15
Property ViewNone

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoNo
AppliancesGas Range
Fireplace Yes / NoNo

Exterior

RoofFlat
Construction MaterialsStucco
Foundation DetailsRaised
Lot FeaturesRectangular Lot
FencingWrought Iron

Parking

Garage Yes / NoYes

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ElectricStandard
SewerPublic Sewer

Location

Community FeaturesUrban

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area4 Downtown Area | Alamitos Beach
Community NameWashington
Listing VS Median (in Washington)
Price:
$1,995,000
low | high
Med:
$1,995,000
50% of Average
sqft:
6,222
low | high
Med:
6,222
50% of Average
$ / sqft:
$321
low | high
Med:
$321
50% of Average
On site:
4
low | high
Med:
4
100% of Average
Sourced by Back At You

Market Activity 90813

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Additional Information

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Learn More About This Property

Yvette Watson

Yvette Watson

Coldwell Banker Home Source

02046244 (909) 489-6340yvette.watson@cbhomesource.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area4 Downtown Area | Alamitos Beach
Community NameWashington
Listing VS Median (in Washington)
Price:
$1,995,000
low | high
Med:
$1,995,000
50% of Average
sqft:
6,222
low | high
Med:
6,222
50% of Average
$ / sqft:
$321
low | high
Med:
$321
50% of Average
On site:
4
low | high
Med:
4
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.496M - $2.493M
sqft: 4,500 - 7,500
Nearby Listings Property ImageNearby Listings Details
1626 Pacific Avenue Property Photo 1
$2,225,000
1626 Pacific Avenue
Long Beach, CA 90813
Listing Updated: November 12, 2026 at 11:22:24 AM PST

Yvette Watson - Coldwell Banker Commercial Real Estate Solutions