$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

9% cap rate! Beautiful craftsman bungalow with 2 units and 6 additional units available in downtown Long Beach just minutes to the beach! Discover an exceptional investment opportunity at 833 Cedar Avenue, a prominent 8-unit apartment building located in a prime area in Long Beach. This unique multi family 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, shopping, dining, entertainment, and public transportation, and easy freeway access. With its robust unit count, considerable square footage (studios 655 sf), advantageous zoning, and recent improvements, 833 Cedar Avenue is an excellent acquisition for investors seeking a strong performing asset with potential for future upside in a dynamic Long Beach market.

Details

MLS #PW26094892
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1931
Days On Site111
Listing Provided ByKeller Williams Pacific Estates | Julio Bonilla

Features

SQ Feet6,494
Garage4
Story(s)2
Units8
Building(s)2
ZoningLBPD10
Acreage0.17

Interior

HeatingElectric, Natural Gas
Heating Yes / NoYes

Exterior

Lot FeaturesSix To Ten Units Acre

Parking

Parking FeaturesOn Street
Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesBiking, Curbs, Park, Street Lights, Sidewalks, Water Sports

Taxes

Property14854

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area4 Downtown Area | Alamitos Beach
Community NameDowntown (DT)
Listing VS Median (in Downtown (DT))
Price:
$1,850,000
low | high
Med:
$1,650,000
60.810810810811% of Average
sqft:
6,494
low | high
Med:
7,190
39.282414536495% of Average
$ / sqft:
$285
low | high
Med:
$229
69.444423561252% of Average
On site:
111
low | high
Med:
150
74% of Average
Sourced by Back At You

Market Activity 90813

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Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area4 Downtown Area | Alamitos Beach
Community NameDowntown (DT)
Listing VS Median (in Downtown (DT))
Price:
$1,850,000
low | high
Med:
$1,650,000
60.810810810811% of Average
sqft:
6,494
low | high
Med:
7,190
39.282414536495% of Average
$ / sqft:
$285
low | high
Med:
$229
69.444423561252% of Average
On site:
111
low | high
Med:
150
74% 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: August 21, 2026 at 11:20:54 PM PDT