Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90806 1816 Oregon Avenue

Pending
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Presented By: Ray Miramontes with Circle Real Estate; ray@mira-realestate.com
  • MLS# PW24212754
  • 10/18/2024
  • Request Tour
  • Request Info
  • Beds • 3
  • Baths • 1
  • SQFT • 3,194
  • Garage • 4
  • Year Built • 1961

Home Details

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!
Presented By: Ray Miramontes with Circle Real Estate; ray@mira-realestate.com

Interior Features for 1816 Oregon Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, GasDryerHookup
Total Stories2

Other Rooms

Entry Level1

General for 1816 Oregon Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, StormDrains, StreetLights
CoolingNone
CountyLos Angeles
Directions.
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income0.0
HOANo
Home Warranty Y/NNo
Insurance Expense2000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToExistingLoan, Conventional, VaLoan
Lot Size Square Feet6674.0
Lot Size UnitsSquareFeet
MLS Area5 - Wrigley Area
MobileHomeRemainsYNNo
Net Operating Income70800.0
New ConstructionNo
Number Of Units Total3
Operating Expense31000.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Subdivision NameWrigley Area (WR)
Tax Lot10
Trash Expense1200.0
ViewNeighborhood
Water Sewer Expense1350.0
Waterfront Y/NNo
Year Built1961
Year Built SourcePublicRecords
ZoningLBR1N

Exterior for 1816 Oregon Avenue

Building Area Total3194.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, BackYard, FrontYard
Lot Size Acres0.1532
Lot Size Area6674.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

Justin Hughey

Price $1,149,900
MLS#PW24212754
List Date 10/18/2024
Property Type Pending
Request Tour
Request Info

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