CA > Long Beach > Wrigley Area
Long Beach, CA 90806,1816 Oregon Avenue
Long Beach, CA 90806,1816 Oregon Avenue
Long Beach, CA 90806,1816 Oregon Avenue
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Ray Miramontes • Circle Real Estate
$1,149,900
Est. payment /mo
3,194 SqFt
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UPDATED:

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

Subdivision Wrigley Area

MLS Listing ID PW-24212754

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--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

Laundry Gas Dryer Hookup, Washer Hookup

Exterior

Parking Features Gated

Garage Spaces 4.0

Pool None

Community Features Curbs, Storm Drains, Street Lights

View Y/N Yes

Building

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

Sewer Public Sewer

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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