32
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$3,150,000
Est. payment /mo
10,080 SqFt
Active
1439 Cedar Avenue Long Beach, CA 90813
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,080 sqft
Price per Sqft $312
MLS Listing ID CRSB25042843
HOA Y/N No
Year Built 1928
Lot Size 7,435 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
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 9.9X gross at close, and 9.5X 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
Location
State CA
County Los Angeles
Zoning LBR4
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplace No
Laundry Other
Exterior
View Y/N false
View None
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7269041017
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Anthony Walker • Buckingham Investments, Inc