833 Cedar Ave Long Beach, CA 90813
Willmore NeighborhoodEstimated payment $11,105/month
Highlights
- 0.17 Acre Lot
- Laundry Room
- Heating System Uses Natural Gas
- Park
- Bike Trail
About This Home
9% cap rate! Beautiful Craftsmen Available in Downtown Long Beach, minutes to the beach, Shoreline Village, and the Pike! 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
Keller Williams Pacific Estate Brokerage Phone: 562-301-9538 License #01411207 Listed on: 05/05/2026
Co-Listing Agent
Keller Williams Pacific Estates Brokerage Phone: 562-301-9538 License #01281205
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,854
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
- On-Street Parking
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,494 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 9 Bathrooms
Additional Features
- Exterior Lighting
- Heating System Uses Natural Gas
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 5758
- Assessor Parcel Number 7272014010
Community Details
Overview
- 2 Buildings
- 8 Units
- Downtown Subdivision
Amenities
- Laundry Facilities
Recreation
- Park
- Water Sports
- Bike Trail
Building Details
- 8 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $6,500
- Other Expense $1,800
- Operating Expense $28,514
- Gross Income $194,976
- Net Operating Income $166,462
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,854 | $1,095,007 | $769,465 | $325,542 |
| 2024 | $14,854 | $1,073,537 | $754,378 | $319,159 |
| 2023 | $14,598 | $1,052,488 | $739,587 | $312,901 |
| 2022 | $13,727 | $1,031,852 | $725,086 | $306,766 |
| 2021 | $13,419 | $1,011,620 | $710,869 | $300,751 |
| 2020 | $13,383 | $1,002,278 | $703,580 | $298,698 |
| 2019 | $13,228 | $982,647 | $689,785 | $292,862 |
| 2018 | $12,820 | $963,400 | $676,260 | $287,140 |
| 2016 | $9,360 | $716,199 | $466,856 | $249,343 |
| 2015 | $9,003 | $705,442 | $459,844 | $245,598 |
| 2014 | $8,971 | $691,625 | $450,837 | $240,788 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/05/2026 05/05/26 | For Sale | $1,850,000 | -- | $285 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26094892
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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