1816 Oregon Avenue
Long Beach, CA, 90806
$1,229,990
Beds
0 Baths
SqFt
0.15 Acres
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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&#39'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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Curbs, Storm Drains, Street Lights
Garage Spaces
4.00
Lot Features
0-1 Unit/ Acre, Back Yard, Front Yard
Parking Spots
4.00
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1816 Oregon Avenue
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