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8 Units in Downtown Long Beach 833 Cedar Ave 8 Unit Apartment Building $2,049,000 ($256,125/Unit) 8.12% Cap Rate Long Beach, CA 90813
INVESTMENT HIGHLIGHTS
- 9 Mins to the Beach
- LBPD Zoning
EXECUTIVE SUMMARY
High-Performing Investment at 833 Cedar Ave., Long Beach:
This distinctive 8-unit Craftsman-style apartment property spans two buildings totaling 6,494 square feet on a 7,506 square foot lot. Professionally maintained and ideally positioned just nine minutes from the beach, it delivers a rare blend of charm, size, and income potential in the heart of Downtown Long Beach.
Extensive capital improvements strengthen its investment profile, most notably a complete replacement of all plumbing just three to four years ago and the installation of new vinyl windows throughout. The recent conversion to electric heaters shifts heating costs directly to tenants, further reducing ownership expenses and improving net income stability.
Zoned LBPD10, one of Long Beach’s most versatile and development-friendly planning districts, the property also carries significant long-term upside through potential future density. Its prime location offers residents unmatched urban convenience with walkable access to Downtown’s diverse dining, shopping, entertainment, and public transit options.
This offering combines immediate cash flow, minimized near-term maintenance costs, and strong appreciation potential in a thriving Long Beach rental market.
This distinctive 8-unit Craftsman-style apartment property spans two buildings totaling 6,494 square feet on a 7,506 square foot lot. Professionally maintained and ideally positioned just nine minutes from the beach, it delivers a rare blend of charm, size, and income potential in the heart of Downtown Long Beach.
Extensive capital improvements strengthen its investment profile, most notably a complete replacement of all plumbing just three to four years ago and the installation of new vinyl windows throughout. The recent conversion to electric heaters shifts heating costs directly to tenants, further reducing ownership expenses and improving net income stability.
Zoned LBPD10, one of Long Beach’s most versatile and development-friendly planning districts, the property also carries significant long-term upside through potential future density. Its prime location offers residents unmatched urban convenience with walkable access to Downtown’s diverse dining, shopping, entertainment, and public transit options.
This offering combines immediate cash flow, minimized near-term maintenance costs, and strong appreciation potential in a thriving Long Beach rental market.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,049,000 | Building Class | C |
| Price Per Unit | $256,125 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 6,494 SF |
| Cap Rate | 8.12% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Parking Ratio | 0.31/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | PD10 - this property benefits from one of Long Beach's most desirable and flexible planning districts, allowing for higher density development. | ||
| Price | $2,049,000 |
| Price Per Unit | $256,125 |
| Sale Type | Investment |
| Cap Rate | 8.12% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,494 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1931 |
| Parking Ratio | 0.31/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | PD10 - this property benefits from one of Long Beach's most desirable and flexible planning districts, allowing for higher density development. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | $1,610 | - |
| 3+2 | 1 | $3,625 | - |
| 1+1 | 1 | $1,900 | - |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 7272-014-010 | Improvements Assessment | $325,542 |
| Land Assessment | $769,465 | Total Assessment | $1,095,007 |
PROPERTY TAXES
Parcel Number
7272-014-010
Land Assessment
$769,465
Improvements Assessment
$325,542
Total Assessment
$1,095,007
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8 Units in Downtown Long Beach | 833 Cedar Ave
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