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Listed by Ray Miramontes • Circle Real Estate
$1,149,900
Est. payment /mo
3,194 SqFt
Pending
1816 Oregon Avenue Long Beach, CA 90806
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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
MLS Listing ID CRPW24212754
HOA Y/N No
Originating Board Datashare California Regional
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—dea
Location
State CA
County Los Angeles
Interior
Cooling No Air Conditioning
Fireplace No
Laundry Gas Dryer Hookup, Other
Exterior
View Other
Building
Lot Description Back Yard, Front Yard
Water Public
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