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Listed price in listed location currency (USD).
$1,200,000
$1,149,900

004

MLS® PW24212754

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage Yes
Taxes 
Lot Size 0.1532 acres
Approx. Age 1961
MLS® Number PW24212754

Property Address: 1816 Oregon Ave, Long Beach, CA, 90806-4142

Average square foot calculated using Size range provided by listing agent.

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!
MLS® NumberPW24212754
Laundry LevelWasher Hookup, Gas Dryer Hookup
Central VacNo
FireplaceNo
Acreage0.1532
Exterior
GarageYes
Approx. Age1961
Basement
Driveway
Garage Spaces4
Heat
A/C
Heating Fuel

Extras

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Price History

Feb 14, 2025End Date
$1,200,000Sold Price

Sold

Oct 18, 2024List Date
$1,149,900List Price
  • Commute

Commute

Starting Address
Destination Address
1816 Oregon Ave, Long Beach, CA

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