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1439 Cedar Avenue

Long Beach, CA 90813

– beds
– baths
– sqft
7,435 sqft lot
1928 build
– on site

This turnkey high yield 16 unit property is located in a dense rental demand area of Long Beach. There are 15 one bedroom units and 1 two bedroom unit in over 10,000 square feet of space, plus 4 garages and storage in rear. The high in-place cash flow with actual rents offers 10.25X gross at close, and 9.82X GRM at market rents. The property has been extensively renovated in recent years including exterior refresh, new windows, lighting, common area flooring, fencing, controlled access, and all units upgraded with vinyl flooring, new kitchens, bathrooms, paint, and lighting. The major systems include newer separately metered main electrical panel, full plumbing re-pipe in 2022, reinforced foundation, and a newer roof. The is a laundry room on the premises for additional income, and great potential for substantial upside through conversion of 4 garages and storage in rear structure to ADUs. The building is conveniently located in the Washington neighborhood directly across the street from Washington Middle School, which is currently undergoing a massive $176 Million reconstruction project. There is excellent transit access with only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. The property is also just 7 blocks North of Downtown Long Beach, with ongoing new developments of over $8 Billion. Over 60% of household within 5 miles are renters with an average household income of over $94,000 (per Costar).

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

Last checked: Checking… • Last updated Mar 6, 2025 •

MLS# SB25042843 —

The Building

Year Built:

1928
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

10080.00
Building Area Units:

Square Feet
Total Number Of Units:

16
# of Buildings:

2
Architectural Style:

Spanish
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:

17

Interior

Features:

2 Staircases, High Ceilings
Levels:

Two
Entry Location:

1
Flooring:

Laminate
Room Type:

Laundry
Fireplace:

No
Fireplace:

None
Laundry:

Common Area
Laundry:

1

Location

Directions:

West side of Cedar, 1.5 blocks North of Anaheim.
Latitude:

33.78511000
Longitude:

-118.19543500

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Updated/Remodeled
Zoning:

LBR4N
Lot Features:

Rectangular Lot
Lot Size Area:

7435.0000
Lot Size Acres:

0.1707
Lot Size SqFt:

7435.00
Lot Size Source:

Assessor
View:

None
Fencing:

Wrought Iron
Fence:

Yes
Road Frontage:

City Street
Road Surface Type:

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:

16

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7269041017

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

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
Parking Spaces:

4.00
Garage Spaces:

4.00

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
3/5/25 Mar 5, 2025	Listed / Active	CRMLS_CA	$3,250,000	66.7% (7.5% / YR)
10/1/20 Oct 1, 2020	Listed / Active	CRMLS_CA
4/27/16 Apr 27, 2016		CRMLS_CA	$1,950,000

Multifamily For Sale

$3,250,000

Listing provided by broker:

Anthony Walker

Buckingham Investments, Inc

310-561-4776

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This multifamily located in Washington School, Long Beach, CA 90813 is currently for sale for $3,250,000. 1439 Cedar Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 1439 Cedar Avenue is in the Washington School neighborhood of Long Beach and has a WalkScore® of 86, making it very walkable. This multifamily is in the attendance area of Cabrillo High School, Jenny Oropeza Elementary School, and Washington Middle School.

Listing Courtesy of: CRMLS_CA and Buckingham Investments, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 00:05 on Mar 06.

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.