1444 E 16th Street

Long Beach, CA 90813

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,584 Sqft
  • 6503
    Sqft(Lot)
$1,975,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49439314

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1924
    • Building Area Total: 3,584

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1493
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6503

  • Listing Price Information

    • Original List Price: 1,975,000
    • Listing Contract Date: 2025-04-18

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7268034008

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Cable TV,Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 7 - North Long Beach
    • Postal Code Plus 4: 2339
    • Directions: cherry ave
    • Zoning: LBR2N
    • Source Property Type: Residential Income
    • Area: 7 - North Long Beach
    • Property SubType: Cabin

    Building and Construction

    • Property Age: 101
    • Common Walls: No Common Walls
    • Structure Type: Cabin
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 04/26/2025 @ 14:40

  • MLS: OC25086210
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 3,584 sqft, 6,503 sized lot, and 0 parking. are nearby neighborhoods.