1444 E 16th Street Long Beach, CA 90813
Other
MLS #: OC25083282
Courtesy Of WYNN REAL ESTATE INC
Property InformationDescription
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 upside on current rents
Off-street parking for all units spaces available inside the compound and at the alley
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 upside on current rents
Off-street parking for all units spaces available inside the compound and at the alley
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: None
- MLSID: OC25083282
MAP & DIRECTIONS
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