833 Cedar

Long Beach, CA 90813
Property listed by Keller Williams Pacific Estate, Denise Reesha 562-301-9538
$1,850,000
Great income at 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 minutesRead MoreRead Less
Listing Snapshot
Days Online
2
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1931
MLS Number
PW26094892
Property Location Map
Additional Details
Building
Built in 1931, 2 buildings, 2 stories, Entry level: 1, Entry location: 1
Community
Biking, Curbs, Park, StreetLights, Sidewalks, WaterSports
Expenses
Insurance: $6,500, Operating: $28,514, Other Expense: $1,800
Garage
4 spaces
Heating
Electric, NaturalGas
Income
Gross Income: $194,976, Gross ScheduledIncome: $194,976, Net Operating Income: $166,462
Laundry
CommonArea
Lot
0.1723 acres, SixToTenUnitsAcre
Parking
4 total parking spaces, OnStreet
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7272014010, Annual Amount: $14,854, Lot: 2, Year: 2024, Zoning: LBPD10
Utilities
Water Source: Public, 7 separate electric meters, 7 separate gas meters, 2 separate water meters
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Monthly Payment
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Bryant and Kenneth Lugo
Realtors
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.