1224 E 17th Street, Long Beach, CA 90813

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Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

kobezimmerman@bhhscal.com +1(858) 753-3353

$1,750,000

Est. payment - /mo

9 Beds

7,790 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25074352

Bedrooms 9

Lot Size 7,790 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

HUGE PRICE REDUCTION! Great opportunity to own a great income producing 5-units investment property in the center of Long Beach, CA! Tax record shows as 4 units but currently has 5 units. This 2 building property sits on a huge 7,790 SF lot and 5,016 SF living area. Property has (4) 2 bedrooms/1baths units and a separate (1) 3 bedroom/2 baths fully remodeled unit in the back above 6 garages. All 6 garages are rented out by tenants. Property is managed by property management company. It has low yearly operating expenses and high net income. Rents are below market with 4 units eligible for rental increase June and September 2025, and another unit in May 2027. Property is located in Central area of Long Beach, close to eateries, markets and schools.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Fwy 405S, Exit Orange Ave, go south on Orange, LEFT on 17th Street. Property is on the RIGHT

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7268031031

Acceptable Financing Cash, Conventional, Land Contract, VA

Listing Terms Cash, Conventional, Land Contract, VA

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Listed by Sophea Pel RE/MAX College Park Realty

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1224 E 17th Street Long Beach, CA 90813