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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!
Property Type(s):
Residential Income
| Last Updated | 10/28/2024 | Tract | Poly High (PH) |
|---|---|---|---|
| Year Built | 1955 | Community | Poly High |
| Garage Spaces | 2.0 | County | Los Angeles |
Additional Details
| 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 |
Location
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Listed with Sage Real Estate
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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