1526 Cedar Ave, Long Beach, CA, 90813 | 2.54% Rental Yield

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1526 Cedar Ave, Long Beach, CA, 90813 | 2.54% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Total monthly income runs $2,437/mo, and a $5,629/mo payment. Purchase price stands at $1,150,000, and rental yield measures 2.54% with $2,437/mo rent. Return on cash invested shows 5.31% in year one, and 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 24.43% and total cumulative return in cash records $91,041. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,437/mo property income covering a $5,629/mo payment rather than investor’s personal income.

Multi Family

Built in 1926

7,735 sqft lot

$N/A/sqft

No HOA

More details about the property

1526 Cedar Avenue is a six-unit multifamily asset located in the Washington District of Long Beach, offering investors a true value-add opportunity with multiple paths to increase income and long-term value. Sitting on a large 7,735 square foot lot, the property provides the potential to add an ADU by converting the detached garages or utilizing the middle section of the lot, which would significantly boost future income (Buyer to Verify). In addition, the building features one vacant unit that allows a new owner to capture market rent immediately, while the property overall offers approximately 54% rental upside. The unit mix consists of (1) two-bedroom, one-bath unit and (5) one-bedroom, one-bath units. The property is also well-positioned near George Washington Middle School, which is currently undergoing a $175 million modernization project that will drive continued neighborhood improvement and tenant demand. Altogether, 1526 Cedar presents investors with the chance to capitalize on immediate income growth, long-term development potential, and the benefits of a rapidly gentrifying area.

Neighborhood Data

Neighborhood data shown for ZIP Code: 90813, Long Beach, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,301 (100%)
Owner Occupied HU	2,253 (12.3%)
Renter Occupied HU	15,089 (82.4%)
Vacant Housing Units	959 ( 5.2%)
Median Home Value	$671,613
Average Home Value	$711,246