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!
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!
Property Details
Price:
$1,229,990
MLS #:
PW24212754
Status:
Pending
Baths:
0
Address:
1816 Oregon Avenue
Type:
Residential Income
Subtype:
Triplex
Subdivision:
Wrigley Area WR
Neighborhood:
5wrigleyarea
City:
Long Beach
Listed Date:
Jul 2, 2024
State:
CA
ZIP:
90806
Lot Size:
6,674 sqft / 0.15 acres (approx)
Year Built:
1961
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Schools
Interior
Cooling
None
Fireplace Features
None
Exterior
Community Features
Curbs, Storm Drains, Street Lights
Garage Spaces
4.00
Lot Features
0-1 Unit/ Acre, Back Yard, Front Yard
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
View
Neighborhood
Water Source
Public
Financial
Map
Community
- Address1816 Oregon Avenue Long Beach CA
- Area5 – Wrigley Area
- SubdivisionWrigley Area (WR)
- CityLong Beach
- CountyLos Angeles
- Zip Code90806
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Courtesy of Circle Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1816 Oregon Avenue
Long Beach, CA
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