833 Cedar Ave, Long Beach, CA, 90813
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.
Getting Around
Walker's Paradise
Excellent Transit
Very BikeableSchools
Construction
Condition
- Year built: 1931
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Common Area
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 9
Features
- Common walls with other units/homes: 1 Common Wall
Heating
- Heating features: Electric,Natural Gas
Interior Area
- Total structure area: 6,494
- Total interior livable area: 6,494 sqft
Property
Details
- Parcel number: 7272014010
- Attached to another structure: Yes
- Zoning: LBPD10
- Special condition: Standard
Features
- Entry location: 1
- Pool features: None
Lot
- Lot size: 7,506 sqft
- Features: 6-10 Units/Acre
Parking
- Total spaces: 4
- Parking features: On Street
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $9,354 | $112,248 |
| Home Insurance * | $359 | $4,308 |
| Property Taxes | $1,032 | $12,384 |
| Electricity | $1,392 | $16,710 |
| Total | $12,137 | $145,644 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Listed for sale | $1,850,000 |
| 2024-12-21 | Listing removed | $3,600 |
| 2024-12-21 | Price change | $3,600 |
| 2024-12-12 | Price change | $3,450 |
| 2024-12-05 | Price change | $3,550 |
| 2024-11-25 | Price change | $3,750 |
| 2024-11-20 | Price change | $3,650 |
| 2024-11-12 | Price change | $3,700 |
| 2024-11-10 | Price change | $3,750 |
| 2024-11-07 | Price change | $3,725 |
| 2024-10-30 | Price change | $3,750 |
| 2024-10-09 | Price change | $3,795 |
| 2024-10-03 | Listed for rent | $3,850 |
| 2023-09-24 | Listing removed | -- |
| 2023-09-16 | Listed for rent | $3,650 |
| 2023-09-13 | Listing removed | -- |
| 2023-07-01 | Price change | $2,500 |
| 2023-06-20 | Price change | $2,600 |
| 2023-05-28 | Price change | $2,700 |
| 2023-05-03 | Listed for rent | $2,800 |
| 2023-01-07 | Listing removed | -- |
| 2022-12-10 | Listed for rent | $1,850 |
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