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About This Home
This 4-bedroom, 9-bathroom multi-family at 833 Cedar in Long Beach, CA is listed for $1,850,000 ($285 per sqft). Built in 1931, the home offers 6,494 sqft of living space on a 0.17 acres lot.
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. Contact Denise 562-301-9538
Key Features
- Built in 1931
- 0.17 acre lot
- 2 stories
- 4 parking spaces
Property Details
Monthly Cost Estimate
$9,894/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
833 Cedar
Long Beach, CA 90813
Downtown (DT)
Features & Amenities
Exterior Features
Property Details
Heating
Questions & Answers
This 4-bedroom, 9-bathroom multi-family at 833 Cedar is listed at $1,850,000 ($285/sqft). The estimated monthly payment is $8,017 based on 20% down at 6.5% interest.
Key features include: Built in 1931, 0.17 acre lot, 2 stories, 4 parking spaces. Exterior Features: Community Features Included: Curbs, Watersports, Biking.
This property is listed by Denise Reesha and can be reached at 5623019538 or denise4re@gmail.com.
