25 days on rocket

1701 Cedar Ave, Long Beach, CA, 90813

$1,325,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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1701 Cedar Ave, Long Beach$1,325,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Garage2 spaces
Year Built1955
HeatingWall Furnace
CoolingNone
ViewNone
MLS #PW24218515
Lot Size0.10 Acres
StatusActive

About 1701 Cedar Ave

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 Details

Property Features

Property Information:

  • Year Built: 1955
  • Stories: 2

Listing Office:

  • Office Name: Sage Real Estate
  • Office Phone: (562) 307-0838
  • Listing Agent: Juan Huizar

Interior Features

Interior Information:

  • Flooring Type: Carpet

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 2 spaces

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,325,000

Tax Information:

  • Annual Amount: $9,688
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$824.6K

Med. Price/SqFt

$633

Avg. Days On Market

34

# of Sold Homes

212

1701 Cedar Ave vs Long Beach

25 DAYS ON ROCKET

-9 Days

$1,325,000

+$500.3K More

KEY TAKEAWAY

This property is $500.3K more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24218515

Listing Office:

  • Office Name: Sage Real Estate
  • Office Phone: (562) 307-0838
  • Listing Agent: Juan Huizar

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 8:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 10, 2014Home Sold
$645,000
Apr 27, 2007Home Sold
$670,000
May 31, 2005Home Sold
$590,000

Tax History

YEARPROP. TAXASSESSMENT
2021$9,688$730,462
2020$9,548$722,973
2019$9,279$708,798
2018$9,180$694,901
2017$9,180$681,276

History based on county public records data.

Payment Calculator

$6,681

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,039

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-427169
6
/10

  • Roosevelt Elementary School

  • 1574 Linden Ave

  • 0.53 miles

  • Public District Grades KG-5

school-card-donut-427170
4
/10

  • Smith Elementary School

  • 565 E Hill St

  • 0.84 miles

  • Public District Grades KG-5

school-card-donut-427171
5
/10

  • Oropeza Elementary School

  • 700 Locust Ave

  • 0.88 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,386. Typical income of Long Beach, CA residents is between $35k-100k annually. Residents typically live in married, with kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Long Beach›90813›1701 Cedar Ave

This home is located at 1701 Cedar Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This home, which was built in 1955, sits on a 0.10 acre lot. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $1,325,000.

Over 94 listings were sold over their listed price in October 2024 in Long Beach, CA. In the same period over 83 listings were sold below the listed price and 35 listings were sold for the listed price. Between September 2024 and October 2024, Long Beach, CA real estate market has seen decrease in the number of listings by 0.1%. Listings spent 34 days on the market in October 2024, and had a median list price of $824,667 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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