Property Detail

Description

Great cap rate at 8%! Beautiful Craftsmen Available in Downtown Long Beach ! This unique multifamily property sits 5 minutes from the beach. Discover an exceptional investment opportunity at 833 Cedar Avenue, a prominent 8-unit apartment building located in the heart of Long Beach. This expansive property features two buildings consisting of 6,494 square feet situated on a generous 7,506 square foot lot, offering significant rental income potential. 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, and advantageous zoning, 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.