1701 Cedar Avenue

Long Beach, CA 90813

$1,325,000

List Price

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1955

calendar_month Built

Property Description

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!

Listing Information

List Price $1,325,000
Status Active
MLS PW24218515
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1955
Lot Size 4,140
Structure Size N/A
DOM 6
Courtesy Of Sage Real Estate
Listing Agent Juan Huizar DRE#01417642

Interior Features

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Material Carpet
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Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Juan Huizar, Sage Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 29th, 2024 at 12:22 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.