1444 E 16th ST new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25083282
HOA Y/N No
Year Built 1924
Annual Tax Amount $15,562
Tax Year 2025
Lot Size 6,503 Sqft
Property Sub-Type Multi Family
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
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Interior
Heating Electric
Cooling None
Fireplace No
Laundry None
Exterior
Fence Wood
Building
Lot Description 6-10 Units/Acre
Story 2
Water Public
Others
Tax ID 7268034008
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange
Special Listing Condition Standard