$10,000 Closing Credit¹
#PW24201464, Marvin Malone, Listing Office: Amberwood Real Estate, Inc.
#SB25099702·
Listing office: Buckingham Investments, Inc·
Listing agent: Anthony Walker·
Listing office phone: 310-561-4776
$2,375,000 List price
1495 Cedar Ave Long Beach, CA 90813
$10,000
Closing credit¹
0.2 acres
Condo
Property details
About 1495 Cedar Ave
Super high yield 14-unit apartment opportunity at a 6.6% cap rate and 9.7X GRM on actual rents. At only $169k/door this property qualifies for 73% LTV purchase financing ($645K down) and will deliver an 8.9% cash on cash return at a 7% cap rate after only one rent increase. 12 studios and two 1BD/1BA units in 5,276 rentable square feet on a 7,419 square foot lot. Significant renovations and capital improvements done including new separately metered complete electrical system, foundation earthquake retrofit, and most interiors are remodeled. Community laundry room plus 5 garages for additional income or ADU potential. Convenient location in the Washington neighborhood directly across the street from Washington Middle School, currently undergoing a massive $176 million reconstruction project. Excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Just 7 blocks North of Downtown Long Beach, with ongoing new developments of over $8 billion. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (CoStar). Walk Score 86/100.
Highlights
Home typeCondominium
HeatingWall Furnace
StatusActive
Lot size0.1703 Acres
Year built1923
ParkingDoor-Single, Garage, Garage Faces Rear
MLS #SB25099702
Garage5 spaces
Summary
- Appliances: Gas Oven, Gas Range
- Flooring Type: Laminate
- Interior: Unfurnished
- Fireplace: None
- Garage Space: 5 spaces
- Private Pool: No
- Parking: Door-Single, Garage, Garage Faces Rear
- Architectural Style: Mediterranean
- Heating: Wall Furnace
- Cooling: None
- List Price: $2,375,000
- Annual Tax Amount: $28,613
- Tax Year: 2024
- Lot: Rectangular Lot
- Directions: North of Anaheim, West of Long Beach Blvd
- Year Built: 1923
- Stories: 2
- Lot Size: 0.1703 Acres
- MLS Number: SB25099702
- MLS Name: CRMLS
- Office Name: Buckingham Investments, Inc
- Office Phone: (310) 561-4776
- Listing Agent: Anthony Walker
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: 5/7/2025, 1:20:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,375,000
1495 Cedar Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 09, 2017 | Home Sold | $1,862,500 |
| Dec 17, 2015 | Home Sold | $1,370,000 |
| May 21, 2013 | Home Sold | $1,100,000 |
| Jun 01, 2011 | Home Sold | $198,000 |
| May 18, 2006 | Home Sold | $1,150,000 |
| Apr 20, 2004 | Home Sold | $750,000 |
| Jul 26, 2001 | Home Sold | $340,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,120,103 | $28,613 |
| 2023 | $2,078,551 | $28,107 |
| 2022 | $2,037,814 | $26,395 |
| 2021 | $1,997,875 | $25,843 |
| 2020 | $1,976,499 | $25,473 |
| 2019 | $1,937,745 | $24,801 |
| 2018 | $1,899,750 | $18,868 |
| 2017 | $1,397,400 | $18,868 |
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. Most Long Beach, CA residents have annual incomes between $35k-100k. The most common type of family is married, with kids. Most residents in this area have high school diploma education.
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
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Frequently asked questions
About 1495 Cedar Ave
The listing price of 1495 Cedar Ave property is $2,375,000.
The property 1495 Cedar Ave is a condo located in Long Beach, California, 90813.
Active Listing: 1495 Cedar Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1495 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 $28,613 (source: MLS/based on county public records data).
The last sale was on June 9, 2017 for $1,862,500 (source: MLS/tax record).
The property at 1495 Cedar Ave has 0 bathroom.
The year of construction for 1495 Cedar Ave is 1923.
This home is located at 1495 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 May 5, 2025 and is currently priced at $2,375,000.
Long Beach, CA housing market in April 2025 saw over 70 listings sold above listed price, more than 38 sold at listed price and over 65 sold below. In April 2025 in Long Beach, CA there were 7.6% more homes for sale than in March. In April 2025 median list price was $839,980 and the average listing age was 33 days.
From Rocket Homes Real Estate and based on county public records data.