$1,750,000

1224 E 17th Street, Long Beach, CA 90813

9 beds |
5 baths

Multi-Family Home
Built in ——
7,789sqft lot
—— car garage
$——/sqft
Listed 7 months ago

Property Description

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 Status:: Active
Listing Office:: RE/MAX College Park Realty : 562-594-6753
Listing Agent:: Sophea Pel : 562-489-6670
MLS ID:: PW25074352

Pool: N/K

General: 2 Story

HOA Amenities: 0.0
Originating MLS: California Regional MLS
County: Los Angeles

Zoning: Assessor7268031031

Source: California Regional MLS

This listing courtesy of Sophea Pel, RE/MAX College Park Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

John G. Whittier Elementary School

1761 Walnut Ave, Long Beach, CA, 90813

Grades KG-5

0.21 miles away

Jessie E. Nelson Academy

1951 Cherry Ave, Signal Hill, CA, 90755

Grades 6-8

0.50 miles away

Polytechnic High School

1600 Atlantic Ave, Long Beach, CA, 90813

Grades 9-12

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.