Awesome 7-Unit Rental Property with Major Upside Potential! Don’t miss this unique investment opportunity featuring 7 rental units spread across 5 individual buildings in a well-maintained compound. With strong tenant stability and significant room for rent increases, this is the perfect value-add property for savvy investors. Each unit has its own individual water heater and separately metered gas and electricity, making this a low-maintenance investment with minimal owner expenses. Very quiet and stable tenants. Units are unfurnished; tenants provide their own refrigerators and stoves. Current rents are below market, providing a great opportunity to increase cash flow over time with strategic updates or new leases. This is a rare chance to acquire a solid, income-generating property with room to grow in a desirable rental market. Don’t miss out! Unit Breakdown: 4 standalone 1 bed / 1 bath cottages 1 standalone 2 bed / 1 bath 1 building with two units – EACH 2 bed / 1 bath Property Highlights: Each unit has its own individual water heater Copper plumbing throughout 3 units fully remodeled approximately 4 years ago Roofing is approx. 10 years old with 15 years remaining on a 25-year roof Tenants pay their own gas and electricity Low-maintenance investment with upside on current rents Off-street parking for all units—spaces available inside the compound and at the alley.
Off market
Listing Provided by:
$1,148,323
1444 E 16th St, Long Beach, CA 90813
--beds
--baths
3,584sqft
Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$320/sqft
$3,752 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 23, 2025 at 09:06pm
Source: CRMLS,MLS#: OC25086210
Originating MLS: California Regional MLS

Facts & features
Interior
Appliances
- Laundry: None
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,584
- Total interior livable area: 3,584 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 6,503 sqft
- Features: 6-10 Units/Acre
Details
- Parcel number: 7268034008
- Zoning: LBR2N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Long Beach
- Subdivision: Unknown
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional