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.
For sale
Listing Provided by:
Sophea Pel DRE #01491556 562-489-6670,
RE/MAX College Park Realty
Price cut: $240K (5/31)
$1,750,000
1224 E 17th St, Long Beach, CA 90813
11beds
6baths
5,016sqft
Est.:
Quadruplex
Built in 1925
-- sqft lot
$-- Zestimate®
$349/sqft
$-- HOA
What's special
Remodeled unit
- 112 days
- on Zillow |
- 86 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: May 31, 2025 at 11:57am
Listing Provided by:
Sophea Pel DRE #01491556 562-489-6670,
RE/MAX College Park Realty
Source: CRMLS,MLS#: PW25074352
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 6
Appliances
- Laundry: None
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 5,016
- Total interior livable area: 5,016 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Garage spaces: 6
Features
- Levels: Two
- Stories: 2
- Entry location: side gate
- Pool features: None
Lot
- Size: 7,790 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 7268031031
- Lease amount: $0
- Zoning: LBR2N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Sidewalks
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $349/sqft
- Tax assessed value: $895,489
- Annual tax amount: $12,178
- Date on market: 4/15/2025
- Listing terms: Cash,Conventional,Contract,VA Loan
- Total actual rent: 9565
- Tenant pays: Electricity, Parking Fee
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