Great opportunity to own a great income producing 5-units investment property in the center of Long Beach, CA! Tax record shows as 4 units but currently has 5 units. This 2 building property sits on a huge 7,790 SF lot and 5,016 SF living area. Property has (4) 2 bedrooms/1baths units and a separate (1) 3 bedroom/2 baths fully remodeled unit in the back above 6 garages. All 6 garages are rented out by tenants. Property is managed by property management company. It has low yearly operating expenses and high net income. Rents are below market with 4 units eligible for rental increase June and September 2025, and another unit in May 2027. Property is located in Central area of Long Beach, close to eateries, markets and schools.
Property Details
Price:
$1,990,000
MLS #:
PW25074352
Status:
Active
Baths:
0
Address:
1224 E 17th Street
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
699notdefined
City:
Long Beach
Listed Date:
Apr 10, 2025
State:
CA
ZIP:
90813
Lot Size:
7,790 sqft / 0.18 acres (approx)
Year Built:
1925
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Schools
Interior
Fireplace Features
None
Exterior
Community Features
Sidewalks, Street Lights
Garage Spaces
6.00
Lot Features
0-1 Unit/ Acre
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Parking Fee
Map
Community
- Address1224 E 17th Street Long Beach CA
- Area699 – Not Defined
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
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1224 E 17th Street
Long Beach, CA
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