Active

1816 Oregon Avenue

Long Beach CA, 90806

$1,229,990


$385.09 per sqft

Active

3,194 sqft

Multi-family

Built in 1961

Listed by Ray Miramontes with Circle Real Estate [email protected]

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--deals like this in Wrigley don't last long!

PW24212754

MLS ID

October 18, 2024

Listed

November 4, 2024

Updated

Map

1816 Oregon Avenue
Long Beach CA, 90806

Interior Features

Total Stories

2


Laundry Description

Washer Hookup, Gas Dryer Hookup


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

No

Exterior/Building Features

Lot Size

0.15 Acres


Lot Features

0-1 Unit/Acre, Back Yard, Front Yard


Sewer

Public Sewer

Other Property Details

Area Name

5 - Wrigley Area


Days on Market

16


Garage

Yes


Garage Spaces

4


Parking Total

4


View

Yes


View Description

Neighborhood


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LBR1N

Listing Contact: 562-521-9022 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/4/2024. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 11/4/2024 at 11:17 AM UTC

 

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