1816 Oregon Avenue, Long Beach, CA 90806 - Berkshire Hathaway HomeServices California Properties

1816 Oregon Avenue, Long Beach, CA 90806

$1,149,900 Approx. USD 0 beds, 0 baths

Listing Agent


Ray Miramontes | ray@mira-realestate.com
Lic#: 01931740
Broker: Courtesy of Circle Real Estate

Co Listing Agent


Kevin Orantes | kevin@mira-realestate.com
Lic#: 02068882
Broker: Courtesy of Circle Real Estate

Agent Remarks

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!

Listing Details

Property type: Triplex (Multi-Family)
Status: Pending
MLS# PW24212754
List price is $1,149,900 Reduced by $80,090 on 1/27/2025
Price: $1,149,900
Beds: 0
Baths: 0
None fireplaces
Built in 1961
0.15 acres
Lot size: 0.1532
Subdivision: Wrigley Area (WR)
County: Los Angeles
Zoning: LBR1N
Lot description: ZeroToOneUnitAcre,Back Yard,Front Yard
Heating/cooling: None
MLS area: 5 - Wrigley Area

Last Updated: 2/17/2025

 Days On Market (DOM): 44

 Find more Long Beach homes and real estate

 Find more homes in 90806 zip code

This listing belongs to the 5 - Wrigley Area MLS area

 Find more homes in the Wrigley Area (WR) subdivision

Lat/Long: 33.790276, -118.201412.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

90806 Area Map

Demographics

Schools

Near by

Similar Listings