$1,850,000
 $9,931 est/mo Sourced by Back At You

833 Cedar,Long Beach, CA 90813

Long Beach, CA 90813

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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.

Details

MLS #DW26015025
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1931
Days On Site219
Listing Provided ByKeller Williams Pacific Estates | Julio Bonilla

Features

SQ Feet6,494
Story(s)2
Units8
Building(s)2
ZoningLBPD10
Acreage0.17

Interior

HeatingElectric, Natural Gas
Heating Yes / NoYes

Exterior

Lot FeaturesSix To Ten Units Acre

Taxes

Property14854

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area4 Downtown Area | Alamitos Beach
Listing VS Median (in 90813)
Price:
$1,850,000
low | high
Med:
$1,500,000
68.918918918919% of Average
sqft:
6,494
low | high
Med:
1,057
100% of Average
$ / sqft:
$285
low | high
Med:
$1,419
100% of Average
On site:
219
low | high
Med:
72
100% of Average
Sourced by Back At You

Market Activity 90813

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Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area4 Downtown Area | Alamitos Beach
Listing VS Median (in 90813)
Price:
$1,850,000
low | high
Med:
$1,500,000
68.918918918919% of Average
sqft:
6,494
low | high
Med:
1,057
100% of Average
$ / sqft:
$285
low | high
Med:
$1,419
100% of Average
On site:
219
low | high
Med:
72
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.387M - $2.312M
sqft: 4,500 - 8,000
Nearby Listings Property ImageNearby Listings Details
833 Cedar Property Photo 1
$1,850,000
833 Cedar
Long Beach, CA 90813
Listing Updated: July 9, 2026 at 2:22:19 PM PDT
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