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$ 1,399,000
Est. payment /mo
New
1629 Cedar Ave Long Beach, CA 90813
7,548 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25237854
HOA Y/N No
Year Built 1942
Lot Size 7,548 Sqft
Property Sub-Type Quadruplex
Property Description
Fantastic opportunity to own a cash-flowing 4-unit property in the heart of Long Beach! This single-story building features four spacious 2-bed/1-bath units with long-term tenants on month-to-month leases. The property offers secure gated entry, (4) 1-car garages, and a storage room, providing both convenience and extra income potential. The detached garage structure offers excellent ADU potential above (buyer to verify), creating the opportunity to add value and increase future cash flow. With its low-maintenance design and steady income, this property is ideal for investors or an owner-occupant looking to live in one unit and rent out the others.
Located just minutes from Downtown Long Beach, parks, shopping, and major freeways, the property also benefits from the $175 million redevelopment of Washington Middle School just down the street on Cedar Ave, a transformative project that underscores the city's investment in the neighborhood and enhances long-term community appeal.
Located just minutes from Downtown Long Beach, parks, shopping, and major freeways, the property also benefits from the $175 million redevelopment of Washington Middle School just down the street on Cedar Ave, a transformative project that underscores the city's investment in the neighborhood and enhances long-term community appeal.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Rectangular Lot
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7269039012
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Christopher Van Vuuren Lyon Stahl Investment Real Estate, Inc. 714-655-0098
