$2,050,000

833 Cedar Ave Long Beach, CA 90813

Willmore Neighborhood

Estimated payment $12,791/month

Total Views 5,107
6 Beds
8 Baths
6,494 Sq Ft
$316 Price per Sq Ft

About This Home

Great income at 8% cap rate! Beautiful Craftsmen Available in Downtown Long Beach! Discover an exceptional investment opportunity at 833 Cedar Avenue, a prominent 8-unit apartment building located in the heart of Long Beach. This unique multifamily 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, including diverse dining, entertainment, shopping, and public transportation options. With its robust unit count, considerable square footage, advantageous zoning, and recent improvements, 833 Cedar Avenue is an ideal acquisition for investors seeking a strong performing asset with potential for future upside in a dynamic Long Beach market

Listing Agent

Julio Bonilla

Keller Williams Pacific Estates Brokerage Phone: 562-355-8060 License #01281205 Listed on: 07/18/2025

Keller Williams Pacific Estates

Co-Listing Agent

Denise Reesha

Keller Williams Pacific Estate Brokerage Phone: 562-355-8060 License #01411207

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 7,506 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 6,494 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 8 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 2 / 14
  • Tax Tract Number 10
  • Assessor Parcel Number 7272014010
  • $1,490 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units
  • Willmore District Subdivision

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Operating Expense $28,514
  • Net Operating Income $170,962

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Parking

4

Listing Details

  • CapRate: 8.00
  • Property Attached: Yes
  • Subdivision Name Other: Willmore District (WM)
  • Zoning: LBPD10
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7272014010
  • Year Built: 1931
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 315.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7506.00
  • Lot Size Acres: 0.1723

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Garage Income: 7200.00
  • Gross Scheduled Income: 199476.00
  • Laundry Income: 1236.00
  • Lot Size Area: 7506.0000 Square Feet
  • Net Operating Income: 170962.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 8
  • Operating Expense: 28514.00
  • Other Income1: 1200.00
  • Other Income Description: Storage
  • Rent Control: No
  • Total Expenses: 28514.00

Tax Info

  • Tax Block: 14
  • Tax Census Tract: 5758.02
  • Tax Lot: 2
  • Tax Tract Number: 10
  • TaxOtherAnnualAssessmentAmount: 1490.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2025 07/18/25 For Sale $2,050,000 -- $316 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25162594

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Willmore

833 Cedar Ave, Long Beach, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Julio Bonilla
Listing Agent
Julio Bonilla
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Keller Williams Pacific Estates
(562) 330-2546