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-a
MLS #
CRPW24162292
MLS Source
California Regional MLS
Days on Site
97
Fireplace
None
Laundry
Hookup - Gas Dryer
Cooling
None
Pool
None
Garage/Parking
Garage: 4 Car(s)
Elementary District
Los Angeles Unified
High School District
Los Angeles Unified
HOA Fee
$0
Zoning
LBR1N
Listing Agent
Ray Miramontes
Circle Real Estate
License #: 01931740
Phone: (562) 343-3099
Co-Listing Agent
Kevin Orantes
Circle Real Estate
License #: 02068882
Phone: (562) 735-9040
1816 Oregon Ave is a Triplex in Long Beach, CA 90806. This 3,193 square foot property sits on a 6,674 Sq Ft Lot and features 7 bedrooms & 4 full bathrooms. It is currently priced at $1,229,990 and was built in 1961.
This address can also be written as 1816 Oregon Ave, Long Beach, CA 90806.©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of September 23, 2024. For the most current information, please contact Ray Miramontes, (562) 343-3099