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1425 Cedar Ave 10 Unit Apartment Building $2,045,000 ($204,500/Unit) 7.06% Cap Rate Long Beach, CA 90813
Investment Highlights
- Optimal Unit Mix: A 10-unit multifamily property featuring a highly desirable balance of one- and two-bedroom residences.
- Rare Onsite Laundry: Features an onsite laundry facility, a highly sought-after & uncommon convenience that provides a distinct competitive advantage.
- Strategic Central Location: Positioned near Downtown Long Beach with immediate access to major employment centers, transit, retail, and dining.
- Highly Valued Amenities: Offers a functional courtyard-style configuration complete with gated access and dedicated garage parking.
- Massive Public Investment: Located directly across the street from the $176 million Washington Middle School campus rebuild project.
Executive Summary
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).*
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).*
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$215,256
|
$34.60
|
| Other Income |
$5,160
|
$0.83
|
| Vacancy Loss |
$6,458
|
$1.04
|
| Effective Gross Income |
$213,958
|
$34.39
|
| Taxes |
$25,970
|
$4.17
|
| Operating Expenses |
$43,558
|
$7.00
|
| Total Expenses |
$69,528
|
$11.17
|
| Net Operating Income |
$144,430
|
$23.21
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $215,256 |
| Annual Per SF | $34.60 |
| Other Income | |
|---|---|
| Annual | $5,160 |
| Annual Per SF | $0.83 |
| Vacancy Loss | |
|---|---|
| Annual | $6,458 |
| Annual Per SF | $1.04 |
| Effective Gross Income | |
|---|---|
| Annual | $213,958 |
| Annual Per SF | $34.39 |
| Taxes | |
|---|---|
| Annual | $25,970 |
| Annual Per SF | $4.17 |
| Operating Expenses | |
|---|---|
| Annual | $43,558 |
| Annual Per SF | $7.00 |
| Total Expenses | |
|---|---|
| Annual | $69,528 |
| Annual Per SF | $11.17 |
| Net Operating Income | |
|---|---|
| Annual | $144,430 |
| Annual Per SF | $23.21 |
Property Facts
| Price | $2,045,000 | Building Class | C |
| Price Per Unit | $204,500 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,222 SF |
| Cap Rate | 7.06% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.28 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 0.64/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4N, Long Beach - High-Density Residential | ||
| Price | $2,045,000 |
| Price Per Unit | $204,500 |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| Gross Rent Multiplier | 9.28 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,222 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 0.64/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4N, Long Beach - High-Density Residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 590 |
| 2+1 | 2 | - | 751 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 7269-041-021 | Total Assessment | $1,682,500 (2025) |
| Land Assessment | $600,000 (2025) | Annual Taxes | $25,970 ($4.17/SF) |
| Improvements Assessment | $1,082,500 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
7269-041-021
Land Assessment
$600,000 (2025)
Improvements Assessment
$1,082,500 (2025)
Total Assessment
$1,682,500 (2025)
Annual Taxes
$25,970 ($4.17/SF)
Tax Year
2026 Payable 2026
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