1816 Oregon Avenue, Long Beach, CA 90806
-
Listed Price :
$1,229,990
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1961
Property Description
Offered at an unbeatable $1,229,900, this fully remodeled, move-in-ready 3-unit property in Long Beach is a rare find for savvy investors, boasting an impressive 6% cap rate. With the opportunity to generate over $100,800 in annual gross income, this property is perfectly designed to deliver steady cash flow, featuring current market rents of $2,600 for each of the two 2-bedroom units and $3,200 for the spacious 3-bedroom unit. Located just minutes from the beach, the property’s prime location offers incredible short-term rental potential, making it an ideal candidate for Airbnb and promising even higher returns. The units have been meticulously remodeled with modern amenities and high-quality finishes, ensuring that this turnkey property requires no additional work—just start collecting rent from day one. Additionally, the property includes 4 single-car garages, providing secure parking for tenants and potential for additional income, along with future opportunities for development or conversion into an accessory dwelling unit (ADU). With everything separately metered (except water) and minimal maintenance costs, this property is designed for hassle-free ownership and maximum profitability. Don’t miss out on this rare chance to own a high-income-generating property in a sought-after Long Beach location—act fast, as properties like this don't stay on the market long!
Interior Features
| Laundry Information |
| Location(s) |
Washer Hookup, Gas Dryer Hookup |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
1816 Oregon Avenue |
| City |
Long Beach |
| State |
CA |
| Zip |
90806 |
| County |
Los Angeles |
| Listing Agent |
Ray Miramontes DRE #01931740 |
| Co-Listing Agent |
Kevin Orantes DRE #02068882 |
| Courtesy Of |
Circle Real Estate |
| List Price |
$1,229,990 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Triplex |
| Structure Size |
N/A |
| Lot Size |
6,674 |
| Year Built |
1961 |
Listing information courtesy of: Ray Miramontes, Kevin Orantes, Circle Real Estate. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 22nd, 2024 at 7:11 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
