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Kai Steijn

[email protected] +1(949) 374-8847

$ 1,990,000

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1224 E 17th ST Long Beach, CA 90813

7,788 Sqft Lot

UPDATED:

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