833 Cedar Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$2,050,000 USD
562-355-8060
833 Cedar Ave, Long Beach, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/5
null | 8.13% Cap Rate

833 Cedar Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • 9 Mins to the Beach
  • LBPD Zoning

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$316 USD /SF

# OF UNITS

8

PRICE/UNIT

$256,250

CAP RATE

8.13%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Units in Downtown Long Beach

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,505 SF

ZONING

PD10

APN/PARCEL ID

7272-014-010

ASK ABOUT THIS PROPERTY

Julio BonillaKw Commercial-Long BeachMore Info
562-355-8060

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Julio BonillaKw Commercial-Long BeachMore Info
562-355-8060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.