1816 Oregon Avenue Pending Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,194 sqft
Price per Sqft $360
Subdivision Wrigley Area
MLS Listing ID PW-24212754
Year Built 1961
Lot Size 6,674 Sqft
Property Sub-Type Triplex
Property Description
One of the Best Deals in Wrigley! Investor or Owner-Occupant Opportunity Offered at an unbeatable $1,149,900, 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!
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR1N
Interior
Cooling None
Fireplaces Type None
Laundry Gas Dryer Hookup,Washer Hookup
Exterior
Parking Features Gated
Garage Spaces 4.0
Pool None
Community Features Curbs,Storm Drains,Street Lights
View Y/N Yes
Building
Lot Description Front Yard,0-1 Unit/Acre,Back Yard
Sewer Public Sewer