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Listed by Sophea Pel • RE/MAX College Park Realty
$ 1,750,000
Est. payment /mo
Active
1224 East 17th Street Long Beach, CA 90813
5,016 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,016 sqft
Price per Sqft $348
MLS Listing ID PW-25074352
Year Built 1925
Lot Size 7,790 Sqft
Property Sub-Type Quadruplex
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 LBR2N
Interior
Fireplaces Type None
Laundry None
Exterior
Parking Features Gated
Garage Spaces 6.0
Pool None
Community Features Sidewalks, Street Lights
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer