Long Beach, CA 90813 1224 E 17th Street
$1,990,000
Presented By: Sophea Pel with RE/MAX College Park Realty; 562-489-6670
- MLS# PW25074352
- 04/15/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 11
Baths • 6
SQFT • 5,016
Garage • 6
Home Details
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.
Presented By: Sophea Pel with RE/MAX College Park Realty; 562-489-6670
Interior Features for 1224 E 17th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level2
General for 1224 E 17th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesStreetLights, Sidewalks
CountyLos Angeles
Current FinancingContract, Conventional, Va
DirectionsFwy 405S, Exit Orange Ave, go south on Orange, LEFT on 17th Street. Property is on the RIGHT
Electric Expense0.0
Electric On Property Y/NNo
Entry Locationside gate
Fuel Expense0.0
Garage Spaces6.0
Garage Y/NYes
Gross Income6875.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense1549.0
Land Lease Amount0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional, Contract, VaLoan
Lot Size Square Feet7790.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income98010.0
New ConstructionNo
Number Of Units Total5
Number of Units Leased5
Operating Expense23098.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot48
Taxes$0
Tenant PaysElectricity, ParkingFee
Total Actual Rent9565.0
Trash Expense0.0
Water Sewer Expense7903.9
Waterfront Y/NNo
Year Built1925
Year Built SourceAssessor
ZoningLBR2N
Exterior for 1224 E 17th Street
Building Area Total5016.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1788
Lot Size Area7790.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Pool Charge0.0
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate