Description
Great income at 9% cap rate! Beautiful Craftsmen Available in Downtown Long Beach! Discover an exceptional investment opportunity at 833Cedar Avenue, a prominent 8-unit apartment building located in the heart of Long Beach. This unique multifamily property, just 5 minutes from thebeach, boasts two buildings with a total of 6,494 square feet situated on a generous 7,506 square foot lot, offering significant rental incomepotential. Recent upgrades enhance this property's appeal, including 100% new plumbing installed three to four years ago and new vinyl windowsthroughout. The conversion to electric heaters means tenants now cover their own heating costs, as they pay for electricity. Strategically zonedLBPD10, 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 recentimprovements, 833 Cedar Avenue is an ideal acquisition for investors seeking a strong performing asset with potential for future upside in adynamic Long Beach market.
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0.17ACRES
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01/2 BATHS
School Ratings & Info
Description
Great income at 9% cap rate! Beautiful Craftsmen Available in Downtown Long Beach! Discover an exceptional investment opportunity at 833Cedar Avenue, a prominent 8-unit apartment building located in the heart of Long Beach. This unique multifamily property, just 5 minutes from thebeach, boasts two buildings with a total of 6,494 square feet situated on a generous 7,506 square foot lot, offering significant rental incomepotential. Recent upgrades enhance this property's appeal, including 100% new plumbing installed three to four years ago and new vinyl windowsthroughout. The conversion to electric heaters means tenants now cover their own heating costs, as they pay for electricity. Strategically zonedLBPD10, 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 recentimprovements, 833 Cedar Avenue is an ideal acquisition for investors seeking a strong performing asset with potential for future upside in adynamic Long Beach market.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-08T11:29:34.407. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.