833 Cedar Ave
Description
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...Great income at 8.1% 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
Property Details for 833 Cedar Avenue
Property Details for 833 Cedar Avenue
| Status | Active |
|---|---|
| MLS # | DW26015025 |
| Days on Market | 25 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial Sale / Multi Family |
| Year Built | 1931 |
| Lot Size | 0.17 AC / 7,506 SF |
| County | Los Angeles County |
Location
Building Information for 833 Cedar Avenue
Payment Calculator
$11,280 per month
30 year fixed, 6.15% Interest
$9,986
$1,294
$0
Property Information for 833 Cedar Avenue
- Gross Scheduled Income: $194,976
- Vacancy Allowance: 0
- Vacancy Allowance Rate: 0
- Net Operating Income: $166,462
- Cap Rate: 8.12
- Operating Expense: $28,514
- Expense Year: $2,025
- Building Expenses: $5,000
- Electric Expense: $0
- Insurance Expense: $6,500
- Professional Management Expense: $0
- Other Expense: $1,800
- Trash Expense: $0
- Water Sewer Expense: $0
- Real Estate Tax Expense: $14,854
- Tax Year: 2024
- Tax Annual Amount: $14,854
- Laundry: Yes
- Laundry Features: Common Area
- Heating Type: Electric, Natural Gas
- Heating: Electric, Natural Gas
- Sign on Property: No
- Lot Features: 6-10 Units/Acre
- Current Use: Multi-Family
- Land Use: Multi-Family
- Land Lease: No
- Water Source: Public
- Building Status: Existing
- Asset Class: Multi-Family
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Actual Rent: $3,625
- Unit Type Type: 1
- Unit Type Description: 3 Bedroom 2 Bath front house
- Unit Type Units Total: 2
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,900
- Unit Type Type: 2
- Unit Type Description: 1 bedroom 1 bath- Front
- Unit Type Units Total: 3
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,600
- Unit Type Type: 3
- Unit Type Description: Single- Back building
- Unit Type Units Total: 4
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,600
- Unit Type Type: 4
- Unit Type Description: Single- Back building
- Unit Type Units Total: 5
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,620
- Unit Type Type: 5
- Unit Type Description: Single- Back building
- Unit Type Units Total: 6
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,600
- Unit Type Type: 6
- Unit Type Description: Single- Back building
- Unit Type Units Total: 7
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,600
- Unit Type Type: 7
- Unit Type Description: Single- Back building
- Unit Type Units Total: 8
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,600
- Unit Type Type: 8
- Unit Type Description: Single- Back building
- Number Of Units Leased: 8
- Number Of Buildings: 2
Property History for 833 Cedar Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 26, 2026 | Listed (Active) CRMLS #DW26015025 | $2,049,000 | — |
| Jan 3, 2026 | Expired CRMLS #DW25162594 | — | |
| Jan 3, 2026 | Expired CRMLS #DW25152866 | — | |
| Jan 2, 2026 | Expired CLAW #DW25162594MR | $2,050,000 | — |
| Jul 18, 2025 | Listed (Active) CRMLS #DW25162594 | $2,050,000 | — |
| Jul 11, 2025 | Listed (Active) CRMLS #DW25152866 | $2,050,000 | — |
| Jul 8, 2025 | Listed (Active) CLAW #DW25162594MR | $2,050,000 | — |
| Jun 1, 2006 | Sold CRMLS #CC218367 | $947,500 | — |
| Jun 1, 2006 | Sold CRMLS #P478094 | $947,500 | — |
| Jun 1, 2006 | Sold CLAW #P478094MR | $947,500 | — |
| Apr 18, 2006 | Sold (Public Record) Public Record #197963125 | $947,500 | +28.0% / yr |
| Apr 15, 2006 | Pending CLAW #P478094MR | — | |
| Apr 15, 2006 | Pending CRMLS #P478094 | — | |
| Oct 24, 2005 | Listed (Active) CLAW #P478094MR | $947,500 | — |
| Oct 24, 2005 | Listed (Active) CRMLS #CC218367 | $947,500 | — |
| Oct 24, 2005 | Listed (Active) CRMLS #P478094 | $947,500 | — |
| Dec 31, 2002 | Sold (Public Record) Public Record #105448987 | $420,000 | +18.1% / yr |
| Sep 20, 2002 | Sold CRMLS #CC211012 | $420,000 | — |
| Sep 20, 2002 | Sold CLAW #S320684MR | $420,000 | — |
| Sep 20, 2002 | Sold CLAW #P284130MR | $420,000 | — |
| Sep 20, 2002 | Sold CRMLS #S320684 | $420,000 | — |
| Sep 20, 2002 | Sold CRMLS #P284130 | $420,000 | — |
| Aug 15, 2002 | Pending CLAW #S320684MR | — | |
| Aug 15, 2002 | Pending CLAW #P284130MR | — | |
| Aug 15, 2002 | Pending CRMLS #S320684 | — | |
| Aug 15, 2002 | Pending CRMLS #P284130 | — | |
| Mar 19, 2002 | Listed (Active) CLAW #S320684MR | $499,000 | — |
| Mar 19, 2002 | Listed (Active) CRMLS #S320684 | $499,000 | — |
| Mar 14, 2002 | Listed (Active) CLAW #P284130MR | $429,000 | — |
| Mar 14, 2002 | Listed (Active) CRMLS #CC211012 | $429,000 | — |
| Mar 14, 2002 | Listed (Active) CRMLS #P284130 | $429,000 | — |
| Feb 12, 1999 | Sold (Public Record) Public Record #67871503 | $220,000 | -7.1% / yr |
| Jan 30, 1999 | Sold CRMLS #CC204901 | $222,000 | — |
| Jan 30, 1999 | Sold CLAW #P101940MR | $222,000 | — |
| Jan 30, 1999 | Sold CRMLS #P101940 | $222,000 | — |
| Jan 6, 1999 | Pending CLAW #P101940MR | — | |
| Jan 6, 1999 | Pending CRMLS #P101940 | — | |
| Oct 5, 1998 | Listed (Active) CLAW #P101940MR | $209,000 | — |
| Oct 5, 1998 | Listed (Active) CRMLS #CC204901 | $209,000 | — |
| Oct 5, 1998 | Listed (Active) CRMLS #P101940 | $209,000 | — |
| Jul 1, 1993 | Sold (Public Record) Public Record #63839896 | $332,500 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/26/2026 | Listed (Active) CRMLS #DW26015025 | $2,049,000 |
| 01/03/2026 | Expired CRMLS #DW25162594 | — |
| 01/03/2026 | Expired CRMLS #DW25152866 | — |
| 01/02/2026 | Expired CLAW #DW25162594MR | $2,050,000 |
| 07/18/2025 | Listed (Active) CRMLS #DW25162594 | $2,050,000 |
| 07/11/2025 | Listed (Active) CRMLS #DW25152866 | $2,050,000 |
| 07/08/2025 | Listed (Active) CLAW #DW25162594MR | $2,050,000 |
| 06/01/2006 | Sold CRMLS #CC218367 | $947,500 |
| 06/01/2006 | Sold CRMLS #P478094 | $947,500 |
| 06/01/2006 | Sold CLAW #P478094MR | $947,500 |
| 04/18/2006 | Sold (Public Record) Public Record #197963125 | $947,500 +28.0% / yr |
| 04/15/2006 | Pending CLAW #P478094MR | — |
| 04/15/2006 | Pending CRMLS #P478094 | — |
| 10/24/2005 | Listed (Active) CLAW #P478094MR | $947,500 |
| 10/24/2005 | Listed (Active) CRMLS #CC218367 | $947,500 |
| 10/24/2005 | Listed (Active) CRMLS #P478094 | $947,500 |
| 12/31/2002 | Sold (Public Record) Public Record #105448987 | $420,000 +18.1% / yr |
| 09/20/2002 | Sold CRMLS #CC211012 | $420,000 |
| 09/20/2002 | Sold CLAW #S320684MR | $420,000 |
| 09/20/2002 | Sold CLAW #P284130MR | $420,000 |
| 09/20/2002 | Sold CRMLS #S320684 | $420,000 |
| 09/20/2002 | Sold CRMLS #P284130 | $420,000 |
| 08/15/2002 | Pending CLAW #S320684MR | — |
| 08/15/2002 | Pending CLAW #P284130MR | — |
| 08/15/2002 | Pending CRMLS #S320684 | — |
| 08/15/2002 | Pending CRMLS #P284130 | — |
| 03/19/2002 | Listed (Active) CLAW #S320684MR | $499,000 |
| 03/19/2002 | Listed (Active) CRMLS #S320684 | $499,000 |
| 03/14/2002 | Listed (Active) CLAW #P284130MR | $429,000 |
| 03/14/2002 | Listed (Active) CRMLS #CC211012 | $429,000 |
| 03/14/2002 | Listed (Active) CRMLS #P284130 | $429,000 |
| 02/12/1999 | Sold (Public Record) Public Record #67871503 | $220,000 -7.1% / yr |
| 01/30/1999 | Sold CRMLS #CC204901 | $222,000 |
| 01/30/1999 | Sold CLAW #P101940MR | $222,000 |
| 01/30/1999 | Sold CRMLS #P101940 | $222,000 |
| 01/06/1999 | Pending CLAW #P101940MR | — |
| 01/06/1999 | Pending CRMLS #P101940 | — |
| 10/05/1998 | Listed (Active) CLAW #P101940MR | $209,000 |
| 10/05/1998 | Listed (Active) CRMLS #CC204901 | $209,000 |
| 10/05/1998 | Listed (Active) CRMLS #P101940 | $209,000 |
| 07/01/1993 | Sold (Public Record) Public Record #63839896 | $332,500 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 833 Cedar Avenue
Schools near 833 Cedar Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
International Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Cabrillo High School Public9 to 12 | ||
Renaissance High School For The Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Keller Williams Pacific Estates, Julio Bonilla, DRE #01281205
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.