26
See all 26 photos
$1,975,000
Est. payment /mo
6,503 Sqft Lot
New
1444 E 16th ST Long Beach, CA 90813
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Key Details
Property Type Single Family Home
Sub Type Cabin
Listing Status Active
Purchase Type For Sale
Subdivision Unknown
MLS Listing ID OC25086210
HOA Y/N No
Year Built 1924
Lot Size 6,503 Sqft
Property Sub-Type Cabin
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 upside on current rents
Off-street parking for all units—spaces available inside the compound and at the alley.
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.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR2N
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7268034008
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Nancy Nguyen • Wynn Real Estate, Inc. • 714-383-0180