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$2,020,000

  • Sold
  • Closed
  • Multi-Family
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Large high yield postwar 10 unit property in a dense high demand rental area of Long Beach. Great unit mix with five 2 bed/1 bath units, four 1 bed/1 bath units, and one studio in nearly 7,000 square feet of rentable space. High in-place cash flow at close with actual rents at 9.59X gross and a 6.2% cap rate plus a 12% upside to 8.43X GRM and a 7.4% cap rate at market. Community laundry room plus 5 garages for additional income or ADU conversion potential. All windows recently replaced in 2025. 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. Walk Score 86/100

Full Property Details for 1415 Cedar

General

  • Sold For: $2,020,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SB25266595
  • Added to Site: 180 day(s) ago

Interior

  • Fireplace(s): None
  • Appliances: Gas Cooktop, Gas Oven
  • Flooring: Tile, Carpet

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 5
  • Parking Features: Garage Faces Rear
  • Parking: Garage Faces Rear

Location

  • Area: 4 - Downtown Area, Alamitos Beach
  • County: Los Angeles
  • Development Name: 4 - Downtown Area, Alamitos Beach
  • Driving Directions: West side of Cedar, North of 14th St
  • Direction Faces: East

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 10
  • # Electric Meters: 10

Structural Information

  • Foundation: Raised
  • Roof: Composition
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 6,922
  • Year Built: 1949

Unit Information

Unit 1

  • Number of Units: 5
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 4
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1516
  • Lot Size Source: Assessor
  • Lot Description: Rectangular Lot

Financial Considerations

  • Price Per Sq. Ft.: $291.82
  • Price Per Unit: 209500

Listed by Buckingham Investments, Inc, Anthony Walker and Buckingham Investments, Inc, Josh Ess
Sold by Triumph Real Estate Solutions, Sandy Do

Listing agents

— 1415 Cedar —

  • Anthony Walker

    Buckingham Investments, Inc

  • Josh Ess

    Buckingham Investments, Inc

310-561-4776

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1415 Cedar

School District:Long Beach Unified School District
NameGradesDistance
International Elementary School
700 Locust Ave., Long Beach, CA 90813
K-50.7 mi
Washington Middle School, Long Beach, CA
1450 Cedar Avenue, Long Beach, CA 90813
6-80.1 mi
Cabrillo High School, Long Beach, CA
2001 Santa Fe Avenue, Long Beach, CA 90810
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1415 Cedar

Date
Details
Price
Change
Source
4/29/2026
Sold
$2,020,000
-3.58%
MLS
11/26/2025
Listed
$2,095,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Buckingham Investments, Inc, Anthony Walker and Buckingham Investments, Inc, Josh Ess
Sold by Triumph Real Estate Solutions, Sandy Do

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1415 Cedar, Long Beach, CA 90813 (MLS# SB25266595) is a Multi-Family property that was sold at $2,020,000 on April 29, 2026. Want to learn more about 1415 Cedar? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.