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 unitThese 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!
|
DAYS ON MARKET
|
11
|
LAST UPDATED
|
10/28/2024
|
|
TRACT
|
Poly High (PH)
|
YEAR BUILT
|
1955
|
|
COMMUNITY
|
Poly High
|
GARAGE SPACES
|
2.0
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| AREA |
Poly High |
| GARAGE |
Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| LOT |
4140 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Poly High (PH) |
| UTILITIES |
Natural Gas Connected,Sewer Connected,Water Connected |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
LBR4N |
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Listed with Sage Real Estate
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/2/24 12:29 AM PDT 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
This IDX solution is (c) Diverse Solutions 2024.
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