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