Property Details
About this Property
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—d
MLS Listing Information
MLS #
CRPW24212754
MLS Source
California Regional MLS
Interior Features
Cooling
None
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
Contact Information
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
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1816 Oregon Ave is a Triplex in Long Beach, CA 90806. This – square foot property sits on a 6,674 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,200,000 and was built in 1961. This address can also be written as 1816 Oregon Ave, Long Beach, CA 90806.
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This listing information is up-to-date as of June 16, 2025. For the most current information, please contact Ray Miramontes, (562) 343-3099
