#PW24201464, Marvin Malone, Listing office: Amberwood Real Estate, Inc.
#PW25151840·
Listing office: Keller Williams Realty Downey·
Listing agent: Robert Stepp·
Listing office phone: 310-463-2916
$2,195,000 List price
1425 Cedar Ave Long Beach, CA 90813
0.2 acres
Condo
Property details
About 1425 Cedar Ave
1425 Cedar Avenue is a 10- unit apartment asset located in the Washington District of Long Beach. The value-add opportunity is priced at 10.57 GRM and 6% Cap Rate at current rents and 7.76 GRM and a 9.16% Cap Rate at market rents. In addition to the 32% of rental upside, a buyer has the ability to add four (4) studio ADU’s to the back garages. ADU plans are ready to be submitted to the city of Long Beach for approval. After ADU construction, the GRM projects to be 6.06 with a Cap Rate above 11%. The current property is comprised of (8) 1 Bed/1Bath units and (2) 2 Bed/1 Bath units with some units lightly renovated with new flooring and updated kitchen and bathrooms. With a Walk Score of 84, the property is ideally positioned for tenant convenience, offering close proximity to a wide range of amenities, including shops, restaurants, and entertainment venues. Directly across the street is Washington Middle School, which is currently undergoing a massive $176 million reconstruction project that will further improve its vibrant neighborhood. 1425 Cedar Avenue offers investors a well-maintained asset with upside in an infill location experiencing continued growth and revitalization.
Highlights
Home typeCondominium
StatusActive
Lot size0.1536 Acres
Year built1953
MLS #PW25151840
Garage4 spaces
Summary
- Garage Space: 4 spaces
- Private Pool: No
- List Price: $2,195,000
- Annual Tax Amount: $19,526
- Tax Year: 2024
- Directions: 1425 Cedar
- Year Built: 1953
- Stories: 2
- Lot Size: 0.1536 Acres
- MLS Number: PW25151840
- MLS Name: CRMLS
- Office Name: Keller Williams Realty Downey
- Office Phone: (310) 463-2916
- Listing Agent: Robert Stepp
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/17/2025, 10:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 12, 2014 | Home Sold | $915,000 |
| Nov 07, 2005 | Home Sold | $1,150,000 |
| Feb 14, 2005 | Home Sold | $940,000 |
| Jun 01, 1999 | Home Sold | $35,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,423,252 | $19,526 |
| 2023 | $1,395,410 | $19,183 |
| 2022 | $1,368,114 | $18,028 |
| 2021 | $1,341,353 | $17,635 |
| 2020 | $1,324,354 | $17,383 |
| 2019 | $1,298,387 | $16,889 |
| 2018 | $1,272,929 | $16,710 |
| 2017 | $1,247,970 | $16,710 |
History based on county public records data.
Nearby schools
6
Roosevelt Elementary School
Public District KG-5
0.5 mi
•1574 Linden Ave
5
Oropeza Elementary School
Public District KG-5
0.7 mi
•700 Locust Ave
6
Edison Elementary School
Public District KG-5
0.8 mi
•625 Maine Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,386. The majority of Long Beach, CA residents have income between $35k-100k annually. Most families are married, with kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
44%
<35k
47%
35k-100k
8%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
19%
Single, No Kids
35%
Single, with Kids
10%
Married, No Kids
36%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
13%
12-17 yrs old
29%
18-34 yrs old
31%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
H&M
Foot Locker
Where do the neighbors go to eat?
Jack In The Box
Boston Market
Little Caesars
What do the neighbors drive?
Nissan
Honda
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
Backup offers
#SB25099702, Anthony Walker, Listing office: Buckingham Investments, Inc
#OC25141984, Pat Swanson, Listing office: Pat Swanson
#PW25124049, Robert Stepp, Listing office: Keller Williams Realty Downey
#DW25065291, Aaron Soliz, Listing office: eXp Realty of Greater L.A
#SB25126631, Nina Le, Listing office: Buckingham Investments, Inc
#PW25135860, Robert Stepp, Listing office: Keller Williams Realty Downey
#PW25059042, Cody Charnell, Listing office: Sage Real Estate Group, Inc.
#OC25078995, Pat Swanson, Listing office: Pat Swanson
#SB25107697, Ryan Versfelt, Listing office: Lyon Stahl Investment Real Estate, Inc.
Frequently asked questions
About 1425 Cedar Ave
The listing price of 1425 Cedar Ave property is $2,195,000.
The property 1425 Cedar Ave is a condo located in Long Beach, California, 90813.
Active Listing: 1425 Cedar Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1425 Cedar Ave are: Roosevelt Elementary School (GreatSchools Rating 6/10), Oropeza Elementary School (GreatSchools Rating 5/10), Edison Elementary School (GreatSchools Rating 6/10), Washington Middle School (GreatSchools Rating 3/10), Franklin Classical Middle School (GreatSchools Rating 4/10), Robinson K - 8 Academy (GreatSchools Rating 4/10), Educational Partnership High School (GreatSchools Rating 2/10), Intellectual Virtues Academy (GreatSchools Rating 5/10), Renaissance High School for the Arts (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $19,526 (source: MLS/based on county public records data).
The last sale was on August 12, 2014 for $915,000 (source: MLS/tax record).
The property at 1425 Cedar Ave has 0 bathroom.
The year of construction for 1425 Cedar Ave is 1953.
This home is located at 1425 Cedar Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 15, 2025 and is currently priced at $2,195,000.
In June 2025 more than 73 listings in Long Beach, CA were sold above the asking price. During the same period more than 33 listings were sold at asking price, while more than 90 were sold below. Between May and June 2025, Long Beach, CA real estate market has seen increase in the number of listings by 4.8%. In June 2025, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $836,224.
From Rocket Homes Real Estate and based on county public records data.