Listed by Anthony Walker, Buckingham Investments, Inc, (310) 982-7055 . Bought with Buckingham Investments, Inc
1495 Cedar Ave
Long Beach, CA 90813
Washington School
2 Beds
14 Baths
5,276 sqft
$2,225,000
Last Sold: Aug 29, 2025
1% below list $2.25M
$422/sqft
Est. Refi. Payment $13,292/mo*
$2,225,000
Last Sold: Aug 29, 2025
1% below list $2.25M
$422/sqft
Est. Refi. Payment $13,292/mo*
2 Beds
14 Baths
5,276 sqft
Local Information
© Google
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Description
Just reduced! Super high yield 14-unit apartment opportunity at a 7% cap rate and 9.2X GRM on actual rents. At only $160k/door this property qualifies for 75% LTV purchase financing ($562K down) and will deliver an 11% cash on cash return at a 7.5% 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.
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.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from August 29, 2025
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$422/sqft
Listed
180+ days ago
Home Details for 1495 Cedar Ave
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Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 14 |
Appliances & Utilities Appliances: Gas Oven, Gas RangeLaundry: Common Area |
Heating & Cooling Heating: Wall FurnaceNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Wall Furnace |
Fireplace & Spa Fireplace: NoneSpa: NoneNo FireplaceNo Spa |
Gas & Electric Electric: Standard, 220 Volts |
Windows, Doors, Floors & Walls Flooring: LaminateCommon Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: FrontAccessibility: NoneFloors: Laminate |
View No ViewView: None |
Security Security: Smoke Detector(s) |
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Exterior Home Features Roof: FlatFencing: Chain LinkFoundation: RaisedNo Private Pool |
Parking & Garage Number of Garage Spaces: 5Number of Covered Spaces: 5Has a GarageNo Attached GarageParking Spaces: 5Parking: Door-Single,Garage,Garage Faces Rear |
Pool Pool: None |
Frontage Road Frontage: Alley, City StreetRoad Surface Type: Alley PavedNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 53 |
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Year Built Year Built: 1923 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Mediterranean |
Building Construction Materials: StuccoNot a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Condition: Updated/RemodeledParcel Number: 7269041008 |
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Price List Price: $2,250,000Price Per Sqft: $422/sqft |
Status Change & Dates Off Market Date: Fri Jun 27 2025 |
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MLS Status: Closed |
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Direction & Address City: Long BeachCommunity: Washington |
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Building Area Building Area: 5276 Square Feet |
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Community Features: UrbanNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 7419 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash to New Loan |
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Expense Tenant Pays: Electricity |
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Has Rent Control |
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Mls Number: SB25099702Living Area Range Units: Square FeetAttribution Contact: 310-561-4776Common Interest: NoneUniversal Property Id: US-06037-N-7269041008-R-N |
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Urban |
Last check for updates: about 22 hours ago
Listed by Anthony Walker DRE #01908153, (310) 561-4776
Buckingham Investments, Inc
Michael Borba DRE #01380572
Borba Investment Realty
Bought with: Anthony Walker DRE #01908153, (310) 982-7055, Buckingham Investments, Inc
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SB25099702
Price History for 1495 Cedar Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 08/29/2025 | $2,225,000 | Sold | CRMLS #SB25099702 |
| 08/26/2025 | $2,250,000 | Pending | CRMLS #SB25099702 |
| 07/03/2025 | $2,250,000 | Contingent | CRMLS #SB25099702 |
| 06/20/2025 | $2,250,000 | PriceChange | CRMLS #SB25099702 |
| 05/05/2025 | $2,375,000 | Listed For Sale | CRMLS #SB25099702 |
| 03/24/2021 | ListingRemoved | N/A | |
| 02/09/2020 | $1,199 | ListingRemoved | N/A |
| 01/10/2020 | $1,199 | Listed For Rent | N/A |
| 06/12/2017 | $1,895,000 | ListingRemoved | Agent Provided |
| 04/12/2017 | $1,895,000 | Pending | Agent Provided |
| 03/23/2017 | $1,895,000 | PriceChange | Agent Provided |
| 03/06/2017 | $1,950,000 | PendingToActive | Agent Provided |
| 02/27/2017 | $1,950,000 | Pending | Agent Provided |
| 02/07/2017 | $1,950,000 | Listed For Sale | Agent Provided |
| 07/18/2016 | $895 | ListingRemoved | Agent Provided |
| 02/19/2016 | $925 | ListingRemoved | Agent Provided |
| 02/06/2016 | $925 | Listed For Rent | Agent Provided |
| 12/05/2014 | $750 | ListingRemoved | Agent Provided |
| 11/20/2014 | $750 | Listed For Rent | Agent Provided |
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Comparable Sales for 1495 Cedar Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.27 | Multi-Family Home | $2,245,000 | 06/06/25 | 3 | 14 | 7,020 | |
0.07 | Multi-Family Home | $2,140,000 | 11/13/25 | 12 | 12 | 6,402 | |
0.09 | Multi-Family Home | $2,020,000 | 04/29/26 | 14 | 10 | 6,922 | |
0.53 | Multi-Family Home | $1,575,000 | 02/24/26 | 2 | 9 | 4,051 | |
0.26 | Multi-Family Home | $2,280,000 | 10/06/25 | 15 | 12 | 7,166 | |
0.20 | Multi-Family Home | $1,900,000 | 12/19/25 | 11 | 10 | 6,423 | |
0.08 | Multi-Family Home | $1,105,000 | 01/22/26 | 7 | 6 | 4,464 | |
0.07 | Multi-Family Home | $1,195,000 | 12/12/25 | 10 | 8 | 4,276 | |
0.17 | Multi-Family Home | $1,130,000 | 07/18/25 | 1 | 8 | 3,428 |
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Assigned Schools
These are the assigned schools for 1495 Cedar Ave.
- Washington Middle School
- 6-8
- Public
- 849 Students
4/10GreatSchools RatingParent Rating AverageI've been assigned to this school for about 3 weeks, and this is the most terrible school to work in. The kids are not sure what they're learning and require constant reminders of the subject material. Some students don't know how to type and they don't read any books that can help with their language. Very few kids know what they're doing, however, the majority lack proper cognitive skills and they don't take notes and they have no homework. The subjectivity of some kids is appalling and they despise certain instructors for no good reason who are trying to help them. This is an evil school and I hope people make the right choice and don't come near this school.Other Review4y ago - Cabrillo High School
- 9-12
- Public
- 1652 Students
3/10GreatSchools RatingParent Rating AverageGreat school, most students are good actually, good programs.Student Review4y ago - International Elementary School
- K-5
- Public
- 519 Students
5/10GreatSchools RatingParent Rating AverageThis school is absurd I went to this school back in the early 200’s and it’s sad to say I would never recommend this school to anyone . 1. From the principal to the office staff is a joke no one communicates with each other , they can’t be honest with parents as well this is not a SAFE PLACE for children because on top of not caring who comes in the school you guys only watch the kids for 5mins then let them sent on a bench by themselves as your “kinda close by” . Also the past experiences up to this moment have all been negative. I honestly feel this school needs a revamp & reevaluation on the school administration here .Parent Review1y ago 
Check out schools near 1495 Cedar Ave.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Washington School
At least 1 Trulia users voted on each feature.
100 % Say neighbors are friendly
100 % Say yards are well-kept
100 % Say it's walkable to grocery stores
100 % Say there are sidewalks
100 % Say it's dog friendly
67 % Say streets are well-lit
67 % Say it's walkable to restaurants
50 % Say kids play outside
50 % Say car is needed
50 % Say they plan to stay for at least 5 years
50 % Say there's holiday spirit
33 % Say it's quiet
Sourced by Trulia users. Learn more about our methodology.
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST 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. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST 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. Properties may or may not be listed by the office/agent presenting the information
Homes for rent near 1495 Cedar Ave
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1495 Cedar Ave, Long Beach, CA 90813 is a 2 bedroom, 14 bathroom, 5,276 sqft multi-family built in 1923. 1495 Cedar Ave is located in Washington School, Long Beach. This property is not currently available for sale. 1495 Cedar Ave was last sold on Aug 29, 2025 for $2,225,000 (1% lower than the asking price of $2,250,000). The current Trulia Estimate for 1495 Cedar Ave is $2,218,100.