GET MORE INFORMATION
$ 1,200,000
$ 1,149,900 4.4%
1816 Oregon AVE Long Beach, CA 90806
6,673 Sqft Lot
UPDATED:
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID PW24212754
Sold Date 06/16/25
HOA Y/N No
Year Built 1961
Lot Size 6,673 Sqft
Property Sub-Type Triplex
Property Description
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
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
Financing Conventional
Special Listing Condition Standard
Bought with Poe Ngo RE/MAX CHAMPIONS