1123 Cedar
Long Beach, CA 90813
3
Bed
2
Bath
7,452Sqft(Lot)
1123 Cedar Avenue presents the opportunity to acquire a well-maintained 11-unit multifamily asset offering an attractive combination of immediate cash flow, operational stability, and long- term upside in Willmore City Historic District. Offered at a 6.44% current cap rate with additional rental upside, the property delivers compelling day-one returns while providing investors with multiple opportunities to further enhance income and overall asset value. Originally constructed in 1964, the property has benefited from extensive system upgrades that substantially reduce future capital expenditure requirements, including new plumbing, new electrical wiring and panels, individual tankless water heaters, upgraded wall furnaces, and a recently sealed roof. These improvements position the asset a
Property Details
Map
Map
What's Nearby
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Features
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Building Information
Year Built: 1964Building Area Total: 8348Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 7452 Lot Size Acres: 0.1711 Lot Size Source: Assessor Lot Size Square Feet: 7,452 Lot Description: ElevenToFifteenUnitsAcreProperty Information
Subdivision: Willmore District (WM) Source Property Type: ResidentialIncome Property SubType: Mixed Use Property Age: 62
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Listing Price Information
Listing Price: $2550000Cash, CashToNewLoan, Exchange1031
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Tax Information
Parcel Number: 7272006006 Tax Lot: 5 Tax Block: 3
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Parking Information
Parking Total: 6Garage Information
Has Garage: Yes Garage Space: 6
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Location Information
Direction: Off E Anaheim St WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1036 Cherry Avenue, Long Beach, CA, 90813 | $2,275,000 | 10 | 8 | 4,722 | 4,722 SqFt |
| 1061 N Minerva, Long Beach, CA, 90813 | $595,000 | 1 | 1 | 703 | 703 SqFt |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,928 SqFt |
| 1323 Walnut Ave, Long Beach, CA, 90813 | $1,599,000 | 8 | 6 | -- | |
| 1390 Gundry Avenue, Long Beach, CA, 90813 | $530,000 | 1 | 1 | 654 | 654 SqFt |
| 755 Gaviota Avenue, Long Beach, CA, 90813 | $2,875,000 | 2 | 2 | -- | |
| 933 Walnut Avenue, Long Beach, CA, 90813 | $959,000 | 3 | 2 | 1,312 | 1,312 SqFt |
| 1377 Warren Avenue, Long Beach, CA, 90813 | $1,627,000 | 4 | -- | 4,944 | 4,944 SqFt |
| 1416 Orange, Long Beach, CA, 90813 | $1,299,999 | 6 | 4 | 2,926 | 2,926 SqFt |
| 1310 E Hellman, Long Beach, CA, 90813 | $1,599,000 | 10 | 5 | -- |
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ByOwner last updated this listing 08/19/2026 @ 23:39
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