Long Beach, CA 90813,833 Cedar Avenue
Long Beach, CA 90813,833 Cedar Avenue
Long Beach, CA 90813,833 Cedar Avenue
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$2,050,000
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6,494 SqFt
Active

833 Cedar Avenue Long Beach, CA 90813

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

+1(925) 864-5757

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,494 sqft

Price per Sqft $315

MLS Listing ID CRDW25162594

HOA Y/N No

Year Built 1931

Lot Size 7,506 Sqft

Acres 0.17

Property Sub-Type Other

Property Description

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

Location

State CA

County Los Angeles

Zoning LBPD

Interior

Fireplace No

Laundry No Hookups

Building

New Construction No

Others

Tax ID 7272014010


Bridge MLS
Listed by Julio Bonilla • Keller Williams Pacific Estates

A FEW WORDS FROM PAST CLIENTS

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

Realtor | r01066846,01955798,02086289

+1(925) 864-5757

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833 Cedar Avenue