Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

10

Building size

6,222 sqft

Lot size

0.15 sqft

Year built

1953

Stories

2

Garage spaces

4

Pool

None

Status

Active

Days on market

36

MLS #

247988494

About this property

1425 Cedar Avenue is a 10-unit multifamily investment property located in Long Beach, California. Constructed in 1953, the property consists of two buildings totaling approximately ± 6,222 rentable square feet and features a desirable mix of one- and two-bedroom residences within an established residential setting. The property offers a functional courtyard-style configuration with resident amenities that support everyday convenience and complement the character of the community. Gated access, dedicated garage parking, and shared community features enhance the resident experience while providing practical attributes valued within the Long Beach rental market. 1425 Cedar Avenue is centrally positioned near Downtown Long Beach with convenient access to major employment centers, public transportation, retail, dining, and recreational destinations throughout the city. The surrounding neighborhood is also benefiting from substantial public investment, including the ongoing transformation of Washington Middle School across the street from the property on Cedar Avenue. Together, 1425 Cedar Avenue’s established operating profile, balanced unit mix, resident amenities, and proximity to significant neighborhood investment create a compelling multifamily acquisition opportunity in Long Beach.

Location

1425 Cedar Avenue

Long Beach, Los Angeles, CA, 90813