1816 Oregon Avenue

Long Beach, CA 90806

$1,149,900

For Sale
    0
  • 3,194 sq ft

Local Information

About this home

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—dea

Home Highlights

No Info
None
No Info
$173
Cooling Only
6 months ago

Home Details for 1816, Oregon Avenue

Interior Features

Interior Features

  • Laundry: Gas Dryer Hookup, Other

Heating & Cooling

  • Cooling: No Air Conditioning

Exterior Features

Exterior Home Features

  • Exterior Details: Back Yard, Front Yard, Other

Parking & Garage

  • Garage: No Garage

Pool & Views

  • Private Pool: No Private Pool
  • Views: Other

Water & Sewer

  • Water Source: Public
  • Sewer: Public Sewer

Property Information

Property Information

  • Parcel Number: 7202030031
  • Lot Size (sq ft): 6,674

Property Type & Style

  • Type: Residential Income
  • Subtype: Triplex

Year Built

  • Year: 1961

Location

  • Directions: .

Listing Attribution

  • Agent Name: Ray Miramontes
  • Brokerage: Circle Real Estate
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