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$ 2,050,000
Est. payment /mo
Active
833 Cedar Avenue Long Beach, CA 90813
6,494 SqFt
UPDATED:
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
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
Location
State CA
County Los Angeles
Zoning LBPD
Interior
Fireplace No
Laundry No Hookups
Building
New Construction No
Others
Tax ID 7272014010
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Listed by Julio Bonilla • Keller Williams Pacific Estates