1425 Cedar Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$2,045,000 USD
714-713-9086
1425 Cedar Ave, Long Beach, CA for Sale
$2,045,000 USD
Apartments - FOR SALE
1/19
null | 7.06% Cap Rate

1425 Cedar Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Optimal Unit Mix: A 10-unit multifamily property featuring a highly desirable balance of one- and two-bedroom residences.
  • Highly Valued Amenities: Offers a functional courtyard-style configuration complete with gated access and dedicated garage parking.
  • Rare Onsite Laundry: Features an onsite laundry facility, a highly sought-after & uncommon convenience that provides a distinct competitive advantage.
  • Massive Public Investment: Located directly across the street from the $176 million Washington Middle School campus rebuild project.
  • Strategic Central Location: Positioned near Downtown Long Beach with immediate access to major employment centers, transit, retail, and dining.

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 1425 Cedar Avenue, 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. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$2,045,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

10

PRICE/UNIT

$204,500

CAP RATE

7.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R4N, Long Beach

APN/PARCEL ID

7269-041-021

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.