$2,050,000

Estimated payment $13,134/month

Total Views 2,353
6 Beds
8 Baths
6,494 Sq Ft
$316 Price per Sq Ft

About This Home

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 nine 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

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

  • 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

  • Price Per Unit: 256250
  • 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
  • Entry Location: Front
  • 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 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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

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

Similar Homes in Long Beach, CA

  • 463 W 6th St, Long Beach, CA 90802

    $1,630,000

    • 1 Bed
    • 2 Baths
    • 4,001 Sq Ft
    • 463 W 6th St
    • Long Beach, CA

    463 W. 6th Street is a well-located, 8-unit apartment asset in the heart of Downtown Long Beach. Priced at a 6.00% cap rate and a 10.49 GRM based on current rents, the property offers strong in-place income with additional upside potential. The well-maintained building features new exterior paint and a refreshed entry awning. The unit mix includes (2) 1-bed/1-bath units and (6) studio

    Robert Stepp Keller Williams Realty Downey

    Section Image
  • 426 E 17th St, Long Beach, CA 90813

    $1,755,000

    • 2 Beds
    • 4 Baths
    • 5,270 Sq Ft
    • 426 E 17th St
    • Long Beach, CA

    426 E. 17th Street is a well-maintained bungalow-style apartment property located in the heart of Long Beach with (9) units plus (1) non-conforming unit. Priced at a 6.62%cap rate and 9.79 GRM based on current rents, the asset offers strong in-place income with additional upside.The property consists of (4) 1-bed/1-bath units (includes one non-conforming unit), (4) studio units, and two newly

    Robert Stepp Keller Williams Realty Downey

    Section Image
  • 1757 Long Beach Blvd, Long Beach, CA 90813

    $2,500,000

    • 1 Bed
    • 3 Baths
    • 7,108 Sq Ft
    • 1757 Long Beach Blvd
    • Long Beach, CA

    Value add mixed use property for sale in Long Beach along with separately parceled parking lot in rear on apartments. Total land size of 15,431 SF between both lots. Long terms owners and tenants with two retail units, 7 apartments units, and an excess of parking on Long Beach Blvd. A new owner has the opportunity to convert the two retail units out front into ADU's as well as build additional

    Austin Carr Realty One Group United

    Section Image
  • 1222 E 10th St, Long Beach, CA 90813

    $1,695,000

    • 1 Bed
    • 2 Baths
    • 4,522 Sq Ft
    • 1222 E 10th St
    • Long Beach, CA

    1222 E 10th St., Long Beach represents an excellent opportunity for cash flow and upside within a centrally located, straight forward "Bread and butter" asset. Consisting of nicely sized (6) Studio-1 bath and (4) 1 Bed-1 bath units, the property has a consistently high occupancy rate. 5 of 10 units are currently eligible for rent increases Unit interiors have been upgraded as well as the

    Eric Christopher WSC Realty Advisors Inc.

    Section Image
  • 419 Rose Ave, Long Beach, CA 90802

    $1,500,000

    • 1 Bed
    • 1 Bath
    • 2,448 Sq Ft
    • 419 Rose Ave
    • Long Beach, CA

    Rose Avenue Investment Portfolio, 3 units on a lot in Prime Long Beach area close to Downtown!Incredible opportunity to acquire a multi-property portfolio in the heart of Long Beach’s Alamitos Beach/Rose Park area. Perfect for investors, developers, or those seeking a value-add rental portfolio.419, 421, 423 Rose Ave: A standalone single-family home with vintage charm and loads of

    Richard Daskam eXp Realty of California Inc

    Section Image
  • 1432 Gaviota Ave, Long Beach, CA 90813

    $1,670,000

    • 1 Bed
    • 10 Baths
    • 3,616 Sq Ft
    • 1432 Gaviota Ave
    • Long Beach, CA

    Now available in one of Long Beach’s most affordable and high-demand rental neighborhoods, this charming 10-unit Spanish-style apartment building offers a rare blend of character and cash flow. The property features (9) studio units and (1) 1-bedroom/1-bath unit along with a convenient on-site laundry room. With a strong annual gross income of $187,260 and an attractive 6.2% cap rate, this asset

    Cody Charnell Sage Real Estate Group, Inc.

    Section Image
  • 1913 E Broadway, Long Beach, CA 90802

    $1,750,000

    • 1 Bed
    • 1 Bath
    • 1913 E Broadway
    • Long Beach, CA

    Located just blocks from the ocean, 1913 Broadway offers 12 units with incredible upside potential. This charming, well-located property is within walking distance to shops, restaurants, and all that Downtown Long Beach has to offer. With a strong rental market and increasing demand for well-located housing, there's significant potential to increase cash flow through renovations and strategic

    Trey Ballard eXp Realty of Greater Los Angeles

    Section Image
  • 1323 Dawson Ave, Long Beach, CA 90804

    $1,995,000

    • 1 Bed
    • 2 Baths
    • 6,499 Sq Ft
    • 1323 Dawson Ave
    • Long Beach, CA

    1323 Dawson Avenue is a 12-unit apartment asset in Long Beach, California. The property is offered at 8.85 GRM and 7.36% Capitalization Rate on current rents. The property is comprised of 10 Studio’s and 2 one-bedroom apartments, with most of the units being single story construction. Parking is off site and utilities are master metered, providing additional income upside through the

    Mike Marcu Mike Marcu, Broker

    Section Image
  • 817 Mira Mar Ave, Long Beach, CA 90804

    $1,690,000

    • 2 Beds
    • 1 Bath
    • 3,320 Sq Ft
    • 817 Mira Mar Ave
    • Long Beach, CA

    We are pleased to present 817 Mira Mar Avenue, an improved four-unit property located in the Greenbelt Heights pocket of Long Beach’s Recreation Park neighborhood, just north of Belmont Heights. This quiet, residential location offers tenants direct access to Recreation Park’s 210 acres of open space, two golf courses, tennis courts, and the city’s largest dog park. The property is minutes from

    Chris van Vuuren Lyon Stahl Investment Real Estate, Inc.

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25162594

California Regional Multiple Listing Service (CRMLS)