# 1123 Cedar, Long Beach, CA 90813 > **TL;DR:** 3bd/2ba commercial, $2,499,999, built 1964. > 6-car garage. Est. $13,370/mo. Listed 37 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,499,999 | | Bedrooms | 3 | | Bathrooms | 2 full | | Year Built | 1964 | | Lot Size | 7,453 sqft (0.17 acres) | | Stories | 2 | | Garage | 6-car | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 37 | ## Why This Home Stands Out - **Large Garage** - 6-car garage ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $12,641 | | Estimated Insurance | $729 | | **Total** | **$13,370** | ## Key Amenities - 6-car garage ## Property Highlights - Built in 1964 - 0.17 acre lot - 2 stories - 6 parking spaces ## Description ### Agent Description 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 6.55% 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 as a durable, low-maintenance investment with limited near-term deferred maintenance. The property's desirable unit mix of (6) spacious two-bedroom units and (5) one-bedroom units appeals to a broad renter demographic, while current rents remain below nearby market comparables, providing a clear path to future NOI growth through natural tenant turnover. Existing garage income, on-site laundry facilities, and (6) detached garages present potential ADU conversion opportunities, creating an additional long-term value creation strategy. Located just minutes from Downtown Long Beach and the 710 Freeway, the property benefits from exceptional commuter access and sits within a city experiencing significant public and private investment. Continued expansion in aerospace, logistics, healthcare, technology, and infrastructure-including billions of dollars of corporate investment, the growing "Space Beach" employment hub, and extensive preparations for the 2028 Olympic Games-continues to strengthen the city's long-term economic outlook and support sustained rental demand. For investors seeking stable cash flow with meaningful upside, limited capital expenditure risk, and multiple avenues for future appreciation, 1123 Cedar Avenue represents a compelling opportunity to acquire a quality multifamily asset in one of Long Beach's most dynamic rental markets. ## Location - **Address:** 1123 Cedar, Long Beach, CA 90813 - **County:** Los Angeles - **Neighborhood:** Willmore District (WM) - **Coordinates:** 33.780692, -118.195617 - **Google Maps:** https://www.google.com/maps?q=33.780692,-118.195617 ## Listing Agent - **Name:** Robert Stepp · **License:** 01456379 - **Brokerage:** Keller Williams Realty SELA - **Phone:** 3104632916 - **Broker Phone:** (562) 334-1511 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/MRMLSCA/PW26180162/?channel=propsimple) ## Photos ![1123 Cedar - Photo 1](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f1171055898r.jpg) ![1123 Cedar - Photo 2](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f3432742105r.jpg) ![1123 Cedar - Photo 3](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f2012081282r.jpg) ![1123 Cedar - Photo 4](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f1832854394r.jpg) ![1123 Cedar - Photo 5](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f2557933511r.jpg) ![1123 Cedar - Photo 6](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f2467729023r.jpg) ![1123 Cedar - Photo 7](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f871646300r.jpg) ![1123 Cedar - Photo 8](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f411000311r.jpg) ![1123 Cedar - Photo 9](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f1739731178r.jpg) ![1123 Cedar - Photo 10](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f3608193520r.jpg) ![1123 Cedar - Photo 11](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f2633525217r.jpg) ![1123 Cedar - Photo 12](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f589279139r.jpg) ![1123 Cedar - Photo 13](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f3583980025r.jpg) ![1123 Cedar - Photo 14](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f2597092827r.jpg) ![1123 Cedar - Photo 15](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f3330310408r.jpg) ![1123 Cedar - Photo 16](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f3517025863r.jpg) ![1123 Cedar - Photo 17](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f999052604r.jpg) ![1123 Cedar - Photo 18](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f2194114436r.jpg) ![1123 Cedar - Photo 19](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f1428929190r.jpg) ![1123 Cedar - Photo 20](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f3609375188r.jpg) ![1123 Cedar - Photo 21](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f4100467246r.jpg) ![1123 Cedar - Photo 22](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f1396625282r.jpg) ![1123 Cedar - Photo 23](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f1833430819r.jpg) ![1123 Cedar - Photo 24](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f794867159r.jpg) ![1123 Cedar - Photo 25](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f612964945r.jpg) ![1123 Cedar - Photo 26](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f1910107410r.jpg) ![1123 Cedar - Photo 27](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f4081713262r.jpg) ![1123 Cedar - Photo 28](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f3383929586r.jpg) ![1123 Cedar - Photo 29](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f3998959551r.jpg) ![1123 Cedar - Photo 30](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f2333559424r.jpg) ![1123 Cedar - Photo 31](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f419409050r.jpg) ![1123 Cedar - Photo 32](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f3406511088r.jpg) ![1123 Cedar - Photo 33](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f1604556034r.jpg) ![1123 Cedar - Photo 34](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f8940929r.jpg) ![1123 Cedar - Photo 35](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f1605758375r.jpg) ![1123 Cedar - Photo 36](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f517868808r.jpg) ![1123 Cedar - Photo 37](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f146592774r.jpg) ![1123 Cedar - Photo 38](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f452851684r.jpg) ![1123 Cedar - Photo 39](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f4004274970r.jpg) ![1123 Cedar - Photo 40](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f2626233381r.jpg) ![1123 Cedar - Photo 41](http://lh.rdcpix.com/e454c68e1127a2fb69515b0a5eb52801l-f659659634r.jpg) --- **MLS#:** PW26180162 | **Updated:** 2026-09-22 **Source:** listhub *Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/1123-cedar-long-beach-ca-90813-26180162) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1123-cedar-long-beach-ca-90813-26180162#listing", "url": "https://www.propertysimple.ai/listing/1123-cedar-long-beach-ca-90813-26180162", "name": "1123 Cedar, Long Beach, CA 90813", "description": "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. 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Existing garage income, on-site laundry facilities, and (6) detached garages present potential ADU conversion opportunities, creating an additional long-term value creation strategy. Located just minutes from Downtown Long Beach and the 710 Freeway, the property benefits from exceptional commuter access and sits within a city experiencing significant public and private investment. Continued expansion in aerospace, logistics, healthcare, technology, and infrastructure-including billions of dollars of corporate investment, the growing \"Space Beach\" employment hub, and extensive preparations for the 2028 Olympic Games-continues to strengthen the city's long-term economic outlook and support sustained rental demand. 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