Multifamily
1425 Cedar Ave
1425 Cedar Ave, Long Beach, CA 90813
Listing Price: $2,045,000
Investment Overview
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.
Investment Highlights
- Optimal Unit Mix: A 10-unit multifamily property featuring a highly desirable balance of one- and two-bedroom residences.
- Property Specifications: Constructed in 1953, the asset consists of two buildings totaling approximately 6,222 rentable square feet.
- Highly Valued Amenities: Offers a functional courtyard-style configuration complete with gated access and dedicated garage parking.
- Strategic Central Location: Positioned near Downtown Long Beach with immediate access to major employment centers, transit, retail, and dining.
- Massive Public Investment: Located directly across the street from the $176 million Washington Middle School campus rebuild project.
- Major Neighborhood Catalyst: The new school campus will feature a state-of-the-art three-story classroom building, a 19,200-square-foot gymnasium, and an elevated sports field.
- Clear Development Timeline: Vertical construction on the transformative school project is actively underway and on track for completion in 2028.
- Strong Investment Profile: Combines an established operating history with practical, highly sought-after community features in the Long Beach rental market.
Exclusively Listed By
Listing Price: $2,045,000
Investment Highlights
- Optimal Unit Mix: A 10-unit multifamily property featuring a highly desirable balance of one- and two-bedroom residences.
- Property Specifications: Constructed in 1953, the asset consists of two buildings totaling approximately 6,222 rentable square feet.
- Highly Valued Amenities: Offers a functional courtyard-style configuration complete with gated access and dedicated garage parking.
- Strategic Central Location: Positioned near Downtown Long Beach with immediate access to major employment centers, transit, retail, and dining.
- Massive Public Investment: Located directly across the street from the $176 million Washington Middle School campus rebuild project.
- Major Neighborhood Catalyst: The new school campus will feature a state-of-the-art three-story classroom building, a 19,200-square-foot gymnasium, and an elevated sports field.
- Clear Development Timeline: Vertical construction on the transformative school project is actively underway and on track for completion in 2028.
- Strong Investment Profile: Combines an established operating history with practical, highly sought-after community features in the Long Beach rental market.
Investment Overview
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.
Exclusively Listed By