CA > Long Beach > Wrigley Area (Wr)
Long Beach, CA 90806,1816 Oregon AVE
Long Beach, CA 90806,1816 Oregon AVE
Long Beach, CA 90806,1816 Oregon AVE
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Diego Magdaleno

Diego Magdaleno

1Vision Real Estate

+1(714) 681-1222
$1,229,990
Est. payment /mo
6,673 Sqft Lot
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UPDATED:

11/14/2024 06:56 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID PW24212754

HOA Y/N No

Year Built 1961

Lot Size 6,673 Sqft

Property Description

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!

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR1N

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Storm Drain(s), Street Lights

View Y/N Yes

View Neighborhood

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Back Yard, Front Yard

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7202030031

Acceptable Financing Cash, Cash to Existing Loan, Conventional, VA Loan

Listing Terms Cash, Cash to Existing Loan, Conventional, VA Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ray Miramontes • Circle Real Estate • ray@mira-realestate.com
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