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
    : 
    Quadruplex
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $349/sqft
    $-- HOA

    What's special

    Remodeled unit
    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.
    135 days
    on Zillow
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    79
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    5
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