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833 CedarLong Beach, CA 90813

Los Angeles County

$1,850,000List price
6,494Sq Ft
1931Year built
0.17Acre lot
2Stories
8 months agoOn market

Description

Great income at 9% 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.

Property Information

Property type
Commercial Sale
Sub-type
Multi Family
Year built
1931
Stories
2
Building area
6,494 Sq Ft
Lot size
0.17 acres
Parking spaces
4
Zoning
LBPD10
Days on market
257
MLS® Listing#
DW26015025

Property Features

Heating
Electric · Natural Gas
Laundry
Common Area
Water source
Public

Financial Details

Annual taxes
$14,854Tax year 2024
Parcel number
7272014010

Directions

Cross streets are Cedar Ave and 9th street

Listing Courtesy: Keller Williams Pacific Estates - 562-355-8060

Presented by: Julio Bonilla and Denise Reesha

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-01-21 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Licensed in the state of California.

Connect with a Local Real Estate Expert

  • Krissy Allen

    Sales Representative

    EXIT Alliance Realty

  • Sonya Sanders

    Sales Representative

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  • Cindee Choi

    Sales Representative

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  • Ryann Smith

    Sales Representative

    EXIT Alliance Realty