1816 Oregon Avenue,Long Beach, CA 90806
Long Beach, CA 90806
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 $3,200all 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 neededjust 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 fastdeals like this in Wrigley don’t last long!
Details
| MLS# | PW24212754 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1961 |
| Days On Site | 193 |
| Listing Provided By | Circle Real Estate 562-521-9022 | Ray Miramontes |
Features
| SQ Feet | 3,194 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 2 |
| Zoning | LBR1N |
| Acreage | 0.15 |
| Property View | Yes |
Market Activity 90806
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90806 |
| Area | 5 Wrigley Area |
| Community Name | Wrigley Area (WR) |
| Listing VS Median (in Wrigley Area (WR)) | |
Price: $1,149,900 low | high Med: $1,684,000 SqFt: 3,194 low | high Med: 5,554 $ / SqFt: $360 low | high Med: $317 On site: 193 low | high Med: 17.000000 | |