1425 Cedar Avenue is a 10-unit apartment building located across the street from Washington Middle School, which is currently undergoing a massive $176 million reconstruction project. This value-add opportunity is priced at a 10.57 GRM and a 6% cap rate at current rents, with projected metrics of 5.78 GRM and a cap rate above 12.5% at market rents, reflecting a 32% rental upside. ADU plans have been submitted to the City of Long Beach for approval, allowing a buyer to add four (4) one-bedroom units in the back garages. Upon ADU construction, the property is projected to achieve a 6.06 GRM with a cap rate above 11%. The property currently consists of eight (8) 1-bed/1-bath units and two (2) 2-bed/1-bath units, with select units featuring new flooring and updated kitchens and bathrooms. With a Walk Score of 84, 1425 Cedar Avenue offers excellent tenant convenience near shops, restaurants, and entertainment venues. This well-maintained asset in an infill Long Beach location is experiencing continued growth and revitalization, providing investors with both immediate income and long-term upside.