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1816 Oregon Ave, Long Beach, CA 90806
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1816 Oregon Ave Long Beach, CA 90806

$1,229,990
  • 7 Beds
  • 4 Baths
  • 3,193 Sq.Ft.
For Sale
$1,229,990 Get Pre-Qualified
Map preview of 1816 Oregon Ave, Long Beach, CA 90806

Property Overview: 1816 Oregon Ave Long Beach, CA has 7 bedrooms, 4 bathrooms, 3,193 living square feet and 6,674 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Offered at an unbeatable $1,229,900, this fully remodeled, move-in-ready 3-unit property in Long Beach is a rare find for savvy investors, boasting an impressive 6% cap rate. With the opportunity to generate over $100,800 in annual gross income, this property is perfectly designed to deliver steady cash flow, featuring current market rents of $2,600 for each of the two 2-bedroom units and $3,200 for the spacious 3-bedroom unit. Located just minutes from the beach, the property’s prime location offers incredible short-term rental potential, making it an ideal candidate for Airbnb and promising even higher returns. The units have been meticulously remodeled with modern amenities and high-quality finishes, ensuring that this turnkey property requires no additional work—just start collecting rent from day one. Additionally, the property includes 4 single-car garages, providing secure parking for tenants and potential for additional income, along with future opportunities for development or conversion into an accessory dwelling unit (ADU). With everything separately metered (except water) and minimal maintenance costs, this property is designed for hassle-free ownership and maximum profitability. Don’t miss out on this rare chance to own a high-income-generating property in a sought-after Long Beach location—act fast, as properties like this don't stay on the market long!

Listed by Ray Miramontes | BRE #01931740 | Circle Real Estate
Co-listed by Kevin Orantes | BRE #02068882 | Circle Real Estate
Last checked: 9 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 71

Home details

Lot Sq. Ft
6,674
HOA Dues
$0/mo
Year built
1961
Garage
4 Car
Property Type:
Triplex
Status
Active
MLS#
PW24140577
City
Long Beach
County
Los Angeles
Time on Site
70 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $100,800
  • Net Operating Income: $70,800
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $31,000
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $1,200
  • Insurance: $2,000
  • Water/Sewer: $1,350

Open Houses for 1816 Oregon Ave

Sunday, Sep 22nd: 11:00am-12:00pm
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Property Details for 1816 Oregon Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage, Garage Faces Rear, Garage - Single Door
Lot Information
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 7202030031
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: Maps
Neighborhood Information
  • Community Features: Curbs, Storm Drains, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1816 Oregon Ave

Last sold on August 13th, 2018

  • July, 2024

  • Jul 10, 2024

    Date

    Active

    CRMLS: PW24140577

    $1,299,990

    Price

  • August, 2018

  • Aug 13, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2018

  • Aug 13, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1816 Oregon Ave

Assessed Value (2020): $110,489
Year Land Value Improved Value Assessed Value
2020 $30,461 $80,028 $110,489

Home Value Compared to the Market

This property vs the competition

1816 Oregon Ave is listed 57.69% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $385.21 per/sqft which puts the price per square foot 40.37% lower than the median price per square foot for the city of Long Beach.

About 1816 Oregon Ave

Detailed summary of property

1816 Oregon Ave is a triplex located in Long Beach, CA 90806 and is currently for sale. This triplex offers 7 bedrooms, 4 bathrooms, roughly 3,193 living square feet, and sits on an approximately 6,674 square foot lot. 1816 Oregon Ave was first listed on ArdentRealEstateGroup.com on July 10, 2024. The homeowner is currently asking $1,229,990 and was originally asking $1,299,990. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 57.69% higher than the median priced home. Local competing homes currently for sale include 2223 Locust, 332 W 9th St and 1010 Lime Ave. While the average home in Long Beach, CA is selling in 62 days, 1816 Oregon Ave has a days on market of 71 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1816 Oregon Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1816 Oregon Ave

Public county record property details
Beds
7
Baths
4
Year built
1961
Sq. Ft.
3,193
Lot Size
6,672
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
7202-030-031

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,900
Median List Price/Sq.Ft.
$531
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
20
Median Sale to List Price %
100%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Recently Sold Homes Near 1816 Oregon Ave

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-- Beds
-- Baths
-- Sq.Ft.
1926 Oregon Ave
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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