Contact Xavier Gomez
Contacting Xavier Gomez
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
1415 Cedar , Long Beach, CA 90813
Priced at Only: $2,095,000
For more Information Call
Address: 1415 Cedar , Long Beach, CA 90813
Request More Information
  • All fields are required.
  • MLS#: SB25266595 ( Commercial/Residential )
  • Street Address: 1415 Cedar
  • Viewed: 2
  • Price: $2,095,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1949
  • Bldg sqft: 0
  • Days On Market: 147
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90813
  • Subdivision: Other (othr)
  • Provided by: Buckingham Investments, Inc
  • Contact: Anthony Anthony
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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
Features
Accessibility Features
  1. None
Appliances
  1. Gas Cooktop
  2. Gas Oven
Assessments
  1. Special Assessments
Association Fee
  1. 0.00
Building Area Total
  1. 6922.00
Carport Spaces
  1. 0.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Construction Materials
  1. Stucco
Cooling
  1. None
Country
  1. US
Days On Market
  1. 138
Current Financing
  1. Conventional
Direction Faces
  1. East
Electric
  1. Standard
Electric Expense
  1. 3447.00
Fencing
  1. Wrought Iron
Fireplace Features
  1. None
Flooring
  1. Tile
  2. Carpet
Foundation Details
  1. Raised
Fuel Expense
  1. 3447.00
Garage Rental Rate
  1. 100.00
Garage Spaces
  1. 5.00
Gardner Expense
  1. 2400.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 12114.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Rectangular Lot
Netoperatingincome
  1. 130203.00
Newtaxesexpense
  1. 26188.00
Number Of Separate Electric Meters
  1. 10
Number Of Separate Gas Meters
  1. 10
Number With Range
  1. 10
Parcel Number
  1. 7269041027
Parking Features
  1. Garage Faces Rear
Pest Control Expense
  1. 1200.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 10380.00
Property Type
  1. Commercial/Residential
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Composition
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 452604799:CRM
Spa Features
  1. None
Subdivision Name Other
  1. n/a
Tenant Pays
  1. Gas
  2. Electricity
Totalactualrent
  1. 18105.00
Totalexpenses
  1. 77394.00
Trash Expense
  1. 3448.00
Uncovered Spaces
  1. 0.00
Utilities
  1. Natural Gas Connected
  2. Sewer Connected
  3. Electricity Connected
  4. Water Connected
View
  1. None
Water Sewer Expense
  1. 3448.00
Water Source
  1. Public
Year Built
  1. 1949
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
Request More Information
  • All fields are required.