$ 1,750,000
-
$1,750,000
Price -
11
Bed -
6
Bath -
5,016
SqFt
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About the Listing G545 - PWSOPHEAP
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.
Listing Highlights for 1224 E 17th St
Status
Active
Days on Site
143
Property Type
Multi-Family
MLS ®
PW25074352
Year Built
1925
Total Square Footage
5,016
Lot/Acreage
0.18
County
Los Angeles
Area
699 - Not Defined
Interior Details
- Bedrooms: 11
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 6 car
- Parking Spaces: 6
- Zoning: LBR2N
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7268031031
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1224 E 17th St Long Beach, CA 90813
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