1816 Oregon Avenue Long Beach, CA 90806
Offered at an unbeatable $1, 229, 900, this fully remodeled, move-in-ready 3-unit property in Long Beach is a rare find for savvy investors, boasting an impressive 6% cap rate. With the opportunity to generate over $100, 800 in annual gross income, this property is perfectly designed to deliver steady cash flow, featuring current market rents of $2, 600 for each of the two 2-bedroom units and $3, 200 for the spacious 3-bedroom unit. Located just minutes from the beach, the property’s prime location offers incredible short-term rental potential, making it an ideal candidate for Airbnb and promising even higher returns. The units have been meticulously remodeled with modern amenities and high-quality finishes, ensuring that this turnkey property requires no additional work—just start collecting rent from day one. Additionally, the property includes 4 single-car garages, providing secure parking for tenants and potential for additional income, along with future opportunities for development or conversion into an accessory dwelling unit (ADU). With everything separately metered (except water) and minimal maintenance costs, this property is designed for hassle-free ownership and maximum profitability. Don’t miss out on this rare chance to own a high-income-generating property in a sought-after Long Beach location—act fast, as properties like this don't stay on the market long!
- Property TypeMulti-Family
- NeighborhoodWrigley Area (Wr)
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site47 Days
- MLS StatusActive
- MLS ID NumberPW24140577
- Home Size Source N/A
- Year Built1961
- Lot Size0.1532 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking GarageGarage Faces RearGarage - Single Door
- Parking Spaces 6
- Sewer Public Sewer
- Number of Stories One, Two2
- Acreage 0.1532
- Water Public
- Property Sub Type Triplex
- Garage Spaces 4
- Zoning LBR1N
- Listing Conditions Standard
Interior Features
- Laundry Features Gas Dryer HookupWasher Hookup
Exterior Features
- Pool Features None
- Lot 0-1 Unit/ AcreBack YardFront Yard
Community Features
- Community Features CurbsStorm DrainsStreet Lights
- Senior Community No
- MLS Area 5 - Wrigley Area