833 Cedar Avenue, Long Beach, CA 90813

• 6,494 sqft

Property Description

Great income at 8% cap rate! Beautiful Craftsmen Available in Downtown Long Beach! Discover an exceptional investment opportunity at 833 Cedar Avenue, a prominent 8-unit apartment building located in the heart of Long Beach. This unique multifamily property, just 5 minutes from the beach, boasts two buildings with a total of 6,494 square feet situated on a generous 7,506 square foot lot, offering significant rental income potential Recent upgrades enhance this property's appeal, including 100% new plumbing installed three to four years ago and new vinyl windows throughout. The conversion to electric heaters means tenants now cover their own heating costs, as they pay for electricity. Strategically zoned LBPD10, this property benefits from one of Long Beach's most desirable and flexible planning districts, allowing for higher density development. This prime location provides residents with excellent access to downtown Long Beach amenities, including diverse dining, entertainment, shopping, and public transportation options. With its robust unit count, considerable square footage, advantageous zoning, and recent improvements, 833 Cedar Avenue is an ideal acquisition for investors seeking a strong performing asset with potential for future upside in a dynamic Long Beach market

Listing Status:

Active

Date Added:

July 18, 2025 at 05:00AM

Listing Office:

Keller Williams Pacific Estates : 562-513-7800

Listing Agent:

Julio Bonilla : 562-355-8060

MLS ID:

CRDW25162594

Interior

• Laundry: No Hookups

Location

• HOA Amenities: 0.0
• County: Los Angeles

Lot

• Zoning: LBPD7272014010

This listing courtesy of Julio Bonilla, Keller Williams Pacific Estates