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1701 Cedar Avenue
Long Beach, CA 90813
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!
PROPERTY INFORMATION
| MLS # | PW24218515 | Lot Size | 4,140 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 1,325,000
Price Per SqFt: $ 349 |
DOM | 198 Days |
| Address | 1701 Cedar Avenue | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 3,798 Sq. Ft. |
| Postal Code | 90813 | Garage | 2 |
| County | Los Angeles | Year Built | 1955 |
| Bed / Bath | 13 / 0 | Parking | 2 |
| Built In | 1955 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Carpet |
| EntryLocation | 2 |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 85 (Very Walkable)
Transit Score: 68 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,413
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/22/2024 | Listed | $1,325,000 |
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Listing provided courtesy of Juan Huizar, Sage Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
