Long Beach CA
Located in the heart of Long Beach’s historic Willmore District, 419 Cedar Avenue offers investors a rare opportunity to own a well maintained, six-unit apartment building in one of the city’s most walkable downtown neighborhoods. Built in 1910, the property carries the timeless character of its era – generous unit layouts, classic architectural detailing – while having been consistently cared for and updated over the years to remain a desirable, stable rental community.
The unit mix includes a studio and one- and two- bedroom floor plans, complemented by a detached two-car garage, a rare and valuable amenity for tenants in this urban core. Current rents show meaningful upside to market, offering a clear value-add opportunity for a new owner.
Location is where this property truly shines situated in Long Beach’s West Village, residents are just steps from Pacific Station and minutes from everything downtown has to offer : the Long Beach convention center, the world, renowned aquarium of the Pacific, and the shops, restaurants, and nightlife along Pine Avenue and the East Village arts District. Three shopping centers sit within a five minute walk, and the neighborhood consistently ranked as a “ Walker paradise.” For students and academics, Long Beach city College, Cal State, Long Beach, and Harbor College are all a short drive away.
With its blend of historic charm, strong, location, fundamentals, and upside and rinse, 419 Cedar Ave. represents the compelling addition to any multifamily portfolio — a building with real character in a neighborhood that continues to attract runners and investors alike.