$1,850,000
833 Cedar, Long Beach CA 90813
Multi-Family (8 Units)
Property type
31 days
On market
$285
Price per sqft
4 cars
Garage
1931
Year built
7,506 sqft
Lot size
Open Houses
Overview
9% cap rate! Beautiful craftsman bungalow with 2 units and 6 additional units available in downtown Long Beach just minutes to the beach! Discover an exceptional investment opportunity at 833 Cedar Avenue, a prominent 8-unit apartment building located in a prime area in Long Beach. This unique multi family property, just 5 minutes from the beach, boasts two buildings with a...
Listing provided by: Denise Reesha DRE #01411207, Keller Williams Pacific Estate, Julio Bonilla DRE #01281205 562-355-8060, Keller Williams Pacific Estates
Listing updated: May 27, 2026 at 08:10pm.
Last checked: Jun 4, 2026 at 05:30am
Source: CRMLS #PW26094892
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 2 | — | $3,625 | $3,625 | $3,625 | Unfurnished |
| 1 | 1 | 1 | — | $1,900 | $1,900 | $2,000 | Unfurnished |
| 1 | 0 | 1 | — | $1,600 | $1,600 | $1,800 | Unfurnished |
| 1 | 0 | 1 | — | $1,600 | $1,600 | $1,800 | Unfurnished |
| 1 | 0 | 1 | — | $1,620 | $1,620 | $1,800 | Unfurnished |
| 1 | 0 | 1 | — | $1,600 | $1,600 | $1,800 | Unfurnished |
| 1 | 0 | 1 | — | $1,600 | $1,600 | $1,800 | Unfurnished |
| 1 | 0 | 1 | — | $1,600 | $1,600 | $1,800 | Unfurnished |
# of Buildings: 2
# of Units Total: 8
Separate Electric Meters: 7
Separate Gas Meters: 7
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 8
Financial Snapshot
Gross Rent Multiplier
9.5x
List Price / Annual Gross Rent
Cap Rate
9%
NOI / List Price
Gross Scheduled Income: $194,976
Vacancy Allowance: $0
Vacancy Allowance Rate: 0%
Operating Expense: $28,514
Net Operating Income: $166,462
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $6,500
Professional Management: $0
Trash: $0
Water / Sewer: $0
Other Expense: $1,800
Interior
Heating: Electric, Natural Gas
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: One Common Wall
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: On Street
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7272014010
Additional Parcels: No
Tax Lot: 2
Zoning: LBPD10
Lot Dimensions Source: PublicRecords
Subdivision: Downtown (DT)
Community
Senior Community: No
Community Features: Biking, Curbs, Park, Street Lights, Sidewalks, Water Sports
Nearby Schools
Nearby schools around the 833 Cedar, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,480,000
Total Interest
$1,887,658
Total Payment
$3,367,658
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,432
per month
Property History for 833 Cedar
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
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