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1701 Cedar Avenue

Long Beach, CA 90813

– beds
– baths
– sqft
4,140 sqft lot
1955 build
– on site

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!

Listed By CRMLS_CA / Juan Huizar / Sage Real Estate / 562-307-0838

Last checked: Checking… • Last updated Dec 4, 2024 •

MLS# PW24218515 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1955
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

3798.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Levels:

Two
Entry Location:

2
Flooring:

Carpet
Laundry:

Common Area
Laundry:

1

Location

Directions:

Corner of Cedar & 17th Ave, South of Pacific Coast Hwy
Latitude:

33.78819900
Longitude:

-118.19530700

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

LBR4N
Lot Features:

0-1 Unit/Acre
Lot Size Area:

4140.0000
Lot Size Acres:

0.0950
Lot Size SqFt:

4140.00
Lot Size Source:

Assessor
View:

None
Road Frontage:

City Street
Road Surface Type:

Paved
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

3
Tax Census Tract:

5754.01
Tax Lot:

20

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7269036025

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Utilities:

Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Poly High (PH)
Subdivision:

Poly High (PH)
Features:

Curbs
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking Spaces:

2.00
Garage Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/22/24 Oct 22, 2024	Listed / Active	CRMLS_CA	$1,325,000	105.4% (9.9% / YR)
3/10/14 Mar 10, 2014		CRMLS_CA	$645,000

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This multifamily located in Washington School, Long Beach, CA 90813 is currently for sale for $1,325,000. 1701 Cedar Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 57 days. 1701 Cedar Avenue is in the Washington School neighborhood of Long Beach and has a WalkScore® of 85, making it very walkable. This multifamily is in the attendance area of Washington Middle School, Lafayette Elementary School, and Cabrillo High School.

Listing Courtesy of: CRMLS_CA and Sage Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of 23:50 on Dec 17.

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.