Very rare new (2019) construction 4 unit property with large bedroom, bathroom and square footage counts to optimize income. Perfect portfolio addition for the investor looking to maximize yield and value. This turn-key asset consists of 4 large three-story townhome style units across two buildings totaling 6,711 rentable square feet. Each unit has 5 bedrooms, 3 bathrooms, an open concept kitchen-living area and private deck. Additional amenities include waterproof faux wood laminate flooring, contemporary cabinetry, quartz counters, master bedroom and bathroom, and dedicated laundry room with water and gas connections. Four private 2-car attached garages with direct access. The property is gated and secured by a pedestrian gate at the front of the property and an automatic electronic driveway gate at the rear. Drought tolerant landscaping with automatic drip irrigation system. Separate gas, electric and water meters.
Off market
$2,358,500
1719 Cedar Ave, Long Beach, CA 90813
20beds
12baths
6,711sqft
Quadruplex
Built in 2019
-- sqft lot
$2,358,500 Zestimate®
$351/sqft
$2,817 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 12
Heating
- Forced air, Gas
Cooling
- None
Appliances
- Included: Range / Oven
- Laundry: Individual Room, Gas Dryer Hookup, Washer Hookup, Inside
Features
- 2 Staircases, Living Room Balcony, Living Room Deck Attached, Open Floorplan
- Flooring: Carpet, Laminate
- Windows: Screens, Double Pane Windows, Low Emissivity Windows
- Common walls with other units/homes: 1 common wall
Interior area
- Total interior livable area: 6,711 sqft
Property
Parking
- Total spaces: 10
Features
- Levels: Three Or More
- Fencing: Wrought Iron
Lot
- Size: 7,487 sqft
- Features: Lot 6500-9999, Sprinklers Timer, Utilities - Overhead, Near Public Transit, Sprinklers Drip System, Rectangular Lot
Details
- Parcel number: 7269036023
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional
- Property subtype: Quadruplex
Materials
- Roof: Composition
Condition
- Turnkey
- Year built: 2019
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Connected, Sewer Connected, Electricity Connected, Natural Gas Connected
Community & neighborhood
Location
- Region: Long Beach
Other
Other facts
- CommonWalls: 1 common wall
- CommunityFeatures: Sidewalks, Urban, Street Lights
- PropertyType: Residential Income
- SpecialListingConditions: Standard
- LaundryFeatures: Individual Room, Gas Dryer Hookup, Washer Hookup, Inside
- LotFeatures: Lot 6500-9999, Sprinklers Timer, Utilities - Overhead, Near Public Transit, Sprinklers Drip System, Rectangular Lot
- Roof: Composition
- Fencing: Wrought Iron
- InteriorFeatures: 2 Staircases, Living Room Balcony, Living Room Deck Attached, Open Floorplan
- ParkingFeatures: Assigned, Auto Driveway Gate
- PreviousStandardStatus: Hold
- Appliances: Gas Range, Tankless Water Heater, Range Hood
- ArchitecturalStyle: Contemporary
- CommunityFeatures: Gutters
- ExteriorFeatures: Rain Gutters, Lighting
- PropertyCondition: Turnkey
- WindowFeatures: Screens, Double Pane Windows, Low Emissivity Windows
- Heating: Forced Air
- MLSAreaMajor: 4 - Downtown Area, Alamitos Beach
- RoomType: All Bedrooms Up, Master Bedroom, Entry, Walk-In Closet, Kitchen, Laundry, Master Bathroom
- Levels: Three Or More
- DirectionFaces: East
- BuildingAreaUnits: Square Feet
- ElevationUnits: Feet
- RoadSurfaceType: Paved
- PropertySubType: Quadruplex
- Electric: Standard
- Utilities: Water Connected, Sewer Connected, Electricity Connected, Natural Gas Connected
- WaterSource: Public
- RoadFrontageType: City Street
- FoundationDetails: Slab
- LotSizeSource: Builder
- Flooring: Carpet, Laminate
- TaxTractNumber: 023
- Sewer: Public Sewer
- StandardStatus: Active
- ParcelNumber: 7269036023
- SeniorCommunityYN: 0
- Road surface type: Paved
Services availability
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Estimated market value
$2,358,500