1701 Cedar Ave, Long Beach, CA – A Rare Investment Opportunity, 78% upside in rents.
A truly one-of-a-kind 4-plex in Long Beach. This property stands out as the only 4-plex on the market offering such a large and versatile bedroom and bathroom configuration, making it a prime choice for investors or owner-occupants looking to maximize rental income and meet the growing demand for multi-generational housing.
The unit mix includes:
– A spacious 5-bedroom, 2-bath unit
– A generous 4-bedroom, 2-bath unit
– A comfortable 3-bedroom, 1-bath unit
– A cozy 1-bedroom, 1-bath unit
These varied configurations provide the perfect setup for extended families or larger households seeking space and convenience. Additionally, the property is individually submetered for gas and electric, ensuring easy utility management and potential cost savings.
Situated on a two-story corner lot, the property features two garages, enhancing its appeal and functionality. Its prime location offers easy access to the best of Long Beach, making it a valuable opportunity for both investors and future residents alike.
Don’t miss the chance to own this unique, income-generating asset with outstanding potential for future growth!
A truly one-of-a-kind 4-plex in Long Beach. This property stands out as the only 4-plex on the market offering such a large and versatile bedroom and bathroom configuration, making it a prime choice for investors or owner-occupants looking to maximize rental income and meet the growing demand for multi-generational housing.
The unit mix includes:
– A spacious 5-bedroom, 2-bath unit
– A generous 4-bedroom, 2-bath unit
– A comfortable 3-bedroom, 1-bath unit
– A cozy 1-bedroom, 1-bath unit
These varied configurations provide the perfect setup for extended families or larger households seeking space and convenience. Additionally, the property is individually submetered for gas and electric, ensuring easy utility management and potential cost savings.
Situated on a two-story corner lot, the property features two garages, enhancing its appeal and functionality. Its prime location offers easy access to the best of Long Beach, making it a valuable opportunity for both investors and future residents alike.
Don’t miss the chance to own this unique, income-generating asset with outstanding potential for future growth!
Property Details
Price:
$1,325,000
MLS #:
PW24218515
Status:
Active
Baths:
0
Address:
1701 Cedar Avenue
Type:
Residential Income
Subtype:
Quadruplex
Subdivision:
Poly High PH
Neighborhood:
9polyhigh
City:
Long Beach
Listed Date:
Oct 21, 2024
State:
CA
ZIP:
90813
Lot Size:
4,140 sqft / 0.10 acres (approx)
Year Built:
1955
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
None
Flooring
Carpet
Heating
Wall Furnace
Exterior
Community Features
Curbs
Garage Spaces
2.00
Lot Features
0-1 Unit/ Acre
Parking Spots
2.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities
Utilities
Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address1701 Cedar Avenue Long Beach CA
- Area9 – Poly High
- SubdivisionPoly High (PH)
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
Similar Listings Nearby
- 1000 Ximeno Avenue
Long Beach, CA$1,700,000
3.16 miles away
- 32 Glendora Avenue
Long Beach, CA$1,695,500
4.14 miles away
- 3009 E 3rd Street
Long Beach, CA$1,695,000
2.62 miles away
- 5101 E 1st Street
Long Beach, CA$1,695,000
3.93 miles away
- 132 St Joseph Avenue
Long Beach, CA$1,695,000
3.83 miles away
- 3041 E 5th Street
Long Beach, CA$1,650,000
2.50 miles away
- 1409 Magnolia Avenue
Long Beach, CA$1,650,000
0.32 miles away
- 4180 Del Mar Avenue
Long Beach, CA$1,625,000
3.06 miles away
- 1052 E 5th Street
Long Beach, CA$1,600,000
1.45 miles away
- 366 E Swope Street
Carson, CA$1,599,000
4.97 miles away
Courtesy of Sage Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1701 Cedar Avenue
Long Beach, CA
LIGHTBOX-IMAGES