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$ 1,229,990
Est. payment /mo
Active
1816 Oregon AVE Long Beach, CA 90806
6,674 Sqft Lot
UPDATED:
01/18/2025 03:37 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW24212754
Originating Board California Regional MLS
Year Built 1961
Lot Size 6,674 Sqft
Property Description
One of the Best Deals in Wrigley! Investor or Owner-Occupant Opportunity Offered at an unbeatable $1,229,900, most of the recently remodeled units, move-in-ready 3-unit property in Long Beach is a gem for investors and owner-occupants. Boasting an impressive 6% cap rate and the potential to generate over $100,800 in annual gross income, this property is a cash-flow dream. Each of the two 2-bedroom units rents for $2,600, while the spacious 3-bedroom unit brings in $3,200-all at current market rates. Located just minutes from the beach, this property is primed for Airbnb potential, offering even higher returns for short-term rentals. It's fully remodeled with modern amenities and high-quality finishes, ensuring it's completely turnkey with no additional work needed-just start collecting rent from day one. The property also includes 4 single-car garages, providing secure parking for tenants and potential for extra income. With the possibility for future development or conversion to an Accessory Dwelling Unit (ADU), the opportunities here are endless. Everything is separately metered (except water), keeping maintenance costs low for hassle-free ownership. Don't miss out on this rare chance to own a high-income-producing property in a prime Long Beach location. Act fast-d
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Cooling None
Laundry Gas Hookup, 30
Exterior
Garage Spaces 4.0
Pool None
View Local/Neighborhood
Building
Water District - Public
Others
Tax ID 7202030031
Special Listing Condition Not Applicable
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Listed by Ray Miramontes • Circle Real Estate