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Listed by Nancy Nguyen • Wynn Real Estate, Inc.
$ 1,975,000
Est. payment /mo
Active
1444 E 16th ST Long Beach, CA 90813
6,503 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25086210
Year Built 1924
Lot Size 6,503 Sqft
Source California Regional MLS
Property Description
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 up
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Interior
Laundry None
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 7268034008
Special Listing Condition Not Applicable
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