3
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$1,990,000
Est. payment /mo
7,788 Sqft Lot
New
1224 E 17th ST Long Beach, CA 90813
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25074352
HOA Y/N No
Year Built 1925
Lot Size 7,788 Sqft
Property Sub-Type Quadruplex
Property Description
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
Area 699 - Not Defined
Zoning LBR2N
Interior
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7268031031
Acceptable Financing Cash, Conventional, Contract, VA Loan
Listing Terms Cash, Conventional, Contract, VA Loan
Special Listing Condition Standard
Listed by Sophea Pel • RE/MAX College Park Realty • 562-489-6670