15
See all 15 photos
$2,049,000
Est. payment /mo
7,505 Sqft Lot
New
833 Cedar Long Beach, CA 90813
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26015025
HOA Y/N No
Year Built 1931
Annual Tax Amount $14,854
Tax Year 2024
Lot Size 7,505 Sqft
Lot Dimensions Public Records
Property Sub-Type Multi Family
Property Description
Great income at 8.1% 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
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
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD10
Interior
Heating Electric, Natural Gas
Fireplace No
Laundry Common Area
Exterior
Present Use Multi-Family
Building
Lot Description 6-10 Units/Acre
Story 2
Water Public
Others
Tax ID 7272014010
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Julio Bonilla Keller Williams Pacific Estates 562-355-8060
GET MORE INFORMATION