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
- 135 days
- on Zillow |
- 79 |
- 5 |
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