#SR24196361, Gevork Jabakchurian, Listing Office: Luxury Collective

1224 E 17th St Long Beach, CA 90813
Property details
About 1224 E 17th St
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.
Highlights
Summary
- Fireplace: None
- Garage Space: 6 spaces
- Private Pool: No
- List Price: $1,990,000
- Annual Tax Amount: $12,177
- Tax Year: 2024
- Directions: Fwy 405S, Exit Orange Ave, go south on Orange, LEFT on 17th Street. Property is on the RIGHT
- Year Built: 1925
- Stories: 2
- Lot Size: 0.1788 Acres
- MLS Number: PW25074352
- MLS Name: CRMLS
- Office Name: RE/MAX College Park Realty
- Office Phone: (562) 489-6670
- Listing Agent: Sophea Pel
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
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Last updated on: 5/2/2025, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,990,000
1224 E 17th St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Mar 23, 2015 | Home Sold | $760,000 |
Mar 04, 2014 | Home Sold | $50,000 |
Oct 29, 1998 | Home Sold | $330,000 |
May 28, 1998 | Home Sold | $167,000 |
May 20, 1998 | Home Sold | $126,100 |
May 01, 1997 | Home Sold | $136,000 |
May 01, 1997 | Home Sold | $315,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $895,489 | $12,177 |
2023 | $877,931 | $11,974 |
2022 | $860,717 | $11,257 |
2021 | $843,842 | $11,014 |
2020 | $835,190 | $10,858 |
2019 | $818,815 | $10,480 |
2018 | $802,761 | $10,371 |
2017 | $787,021 | $10,371 |
History based on county public records data.
Nearby schools
4
John G. Whittier Elementary School
Public District KG-5
0.2 mi
•1761 Walnut Ave
8
Alvarado Elementary School
Public District KG-5
0.4 mi
•1400 E 20th St
6
Lincoln Elementary School
Public District KG-5
0.5 mi
•1175 E 11th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,161. Most Long Beach, CA residents have annual incomes less than $<35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
Similar homes for sale
This home is located at 1224 E 17th St in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 15, 2025 and is currently priced at $1,990,000.
Long Beach, CA housing market in April 2025 saw over 70 listings sold above listed price, more than 38 sold at listed price and over 65 sold below. The inventory of homes for sale in Long Beach, CA between March and April 2025 increased by 7.6%. While the average time on the market in April 2025 was 33 days, the median list price was $839,980.