High-Performing Investment at 833 Cedar Ave., Long Beach:
This distinctive 8-unit Craftsman-style apartment property spans two buildings totaling 6,494 square feet on a 7,506 square foot lot. Professionally maintained and ideally positioned just nine minutes from the beach, it delivers a rare blend of charm, size, and income potential in the heart of Downtown Long Beach.
Extensive capital improvements strengthen its investment profile, most notably a complete replacement of all plumbing just three to four years ago and the installation of new vinyl windows throughout. The recent conversion to electric heaters shifts heating costs directly to tenants, further reducing ownership expenses and improving net income stability.
Zoned LBPD10, one of Long Beach’s most versatile and development-friendly planning districts, the property also carries significant long-term upside through potential future density. Its prime location offers residents unmatched urban convenience with walkable access to Downtown’s diverse dining, shopping, entertainment, and public transit options.
This offering combines immediate cash flow, minimized near-term maintenance costs, and strong appreciation potential in a thriving Long Beach rental market.