Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90813 1444 E 16th Street

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Presented By: Nancy Nguyen with Wynn Real Estate, Inc.; 714-383-0180
  • MLS# OC25086210
  • 04/18/2025
  • Request Tour
  • Request Info
  • Beds • 1
  • Baths • 1
  • SQFT • 3,584
  • Year Built • 1924

Home Details

Awesome 7-Unit Rental Property with Major Upside Potential! Don’t miss this unique investment opportunity featuring 7 rental units spread across 5 individual buildings in a well-maintained compound. With strong tenant stability and significant room for rent increases, this is the perfect value-add property for savvy investors. Each unit has its own individual water heater and separately metered gas and electricity, making this a low-maintenance investment with minimal owner expenses. Very quiet and stable tenants. Units are unfurnished; tenants provide their own refrigerators and stoves. Current rents are below market, providing a great opportunity to increase cash flow over time with strategic updates or new leases. This is a rare chance to acquire a solid, income-generating property with room to grow in a desirable rental market. Don’t miss out! Unit Breakdown: 4 standalone 1 bed / 1 bath cottages 1 standalone 2 bed / 1 bath 1 building with two units – EACH 2 bed / 1 bath Property Highlights: Each unit has its own individual water heater Copper plumbing throughout 3 units fully remodeled approximately 4 years ago Roofing is approx. 10 years old with 15 years remaining on a 25-year roof Tenants pay their own gas and electricity Low-maintenance investment with upside on current rents Off-street parking for all units—spaces available inside the compound and at the alley.
Presented By: Nancy Nguyen with Wynn Real Estate, Inc.; 714-383-0180

Interior Features for 1444 E 16th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 1444 E 16th Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
ContingencyOffers must include the following : Selling Agent commission request, DU, Pre-approval letter from lender, Bank statement showing down payment, and a minimum 3% deposit. Note that the listing agent and b
CountyLos Angeles
Directionscherry ave
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income125100.0
HOANo
Home Warranty Y/NNo
Insurance Expense3680.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional
Lot Size Square Feet6503.0
Lot Size UnitsSquareFeet
MLS Area7 - North Long Beach
MobileHomeRemainsYNNo
Net Operating Income115100.0
New ConstructionNo
Number Of Units Total7
Operating Expense10000.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalCabin
Property SubtypeCabin
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision Nameunknown
Tax Lot12
Tenant PaysCableTv, Electricity, Gas
Trash Expense3000.0
Water Sewer Expense3000.0
Waterfront Y/NNo
Year Built1924
Year Built SourceAssessor
ZoningLBR2N

Exterior for 1444 E 16th Street

Building Area Total3584.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.1493
Lot Size Area6503.0
Lot Size SourceAssessor
Number of Buildings7
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $1,975,000
MLS#OC25086210
List Date 04/18/2025
Property Type Multi-Family
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