$10,000 Closing Credit¹
#NP24251827, Devin Lucas, Listing Office: Coldwell Banker Realty
$10,000
closing credit¹
1816 Oregon Ave Long Beach, CA 90806
$1,149,900 List price
$10,000
Closing credit¹
0.2 acres
Multi-Family
Property details
About 1816 Oregon Ave
One of the Best Deals in Wrigley! Investor or Owner-Occupant Opportunity Offered at an unbeatable $1,149,900, most of the recently remodeled units, move-in-ready 3-unit property in Long Beach is a gem for investors and owner-occupants. Boasting an impressive 6% cap rate and the potential to generate over $100,800 in annual gross income, this property is a cash-flow dream. Each of the two 2-bedroom units rents for $2,600, while the spacious 3-bedroom unit brings in $3,200—all at current market rates. Located just minutes from the beach, this property is primed for Airbnb potential, offering even higher returns for short-term rentals. It’s fully remodeled with modern amenities and high-quality finishes, ensuring it's completely turnkey with no additional work needed—just start collecting rent from day one. The property also includes 4 single-car garages, providing secure parking for tenants and potential for extra income. With the possibility for future development or conversion to an Accessory Dwelling Unit (ADU), the opportunities here are endless. Everything is separately metered (except water), keeping maintenance costs low for hassle-free ownership. Don’t miss out on this rare chance to own a high-income-producing property in a prime Long Beach location. Act fast—deals like this in Wrigley don’t last long!
Highlights
Home typeTriplex
StatusActive
Lot size0.1532 Acres
Year built1961
MLS #PW24212754
Garage4 spaces
ViewNeighborhood
Summary
- MLS Number: PW24212754
- MLS Name: CRMLS
- Office Name: Circle Real Estate
- Office Email: ray@mira-realestate.com
- Listing Agent: Ray Miramontes
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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 5:00:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,149,900
1816 Oregon Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $118,396 | $2,167 |
| 2023 | $116,093 | $2,127 |
| 2022 | $113,836 | $2,020 |
| 2021 | $111,623 | $1,955 |
| 2020 | $109,569 | $1,927 |
| 2019 | $107,421 | $1,757 |
| 2018 | $105,316 | $1,738 |
| 2017 | $103,252 | $1,738 |
History based on county public records data.
Nearby schools
5
Lafayette Elementary School
Public District KG-5
0.9 mi
•2445 Chestnut Ave
5
Garfield Elementary School
Public District KG-5
0.9 mi
•2240 Baltic Ave
6
Roosevelt Elementary School
Public District KG-5
0.9 mi
•1574 Linden Ave
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 $52,841. The most common annual income of people living in Long Beach, CA is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
35%
<35k
39%
35k-100k
21%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
16%
Single, with Kids
19%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
9%
12-17 yrs old
24%
18-34 yrs old
44%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Live Theatre
Hiking/backpacking
Where do the neighbors shop?
IKEA
Bloomingdales
Crate & Barrel
Where do the neighbors go to eat?
Quiznos
Boston Market
Starbucks
What do the neighbors drive?
Lexus
Mercedes
Audi
What do the neighbors listen to?
Soft Adult Contemporary
News- Alternative
All data provided by Home Junction and Claritas
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This home is located at 1816 Oregon Ave in Long Beach, CA and zip code 90806 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $1,149,900.
In January 2025 more than 63 listings in Long Beach, CA were sold above the asking price. During the same period more than 35 listings were sold at asking price, while more than 53 were sold below. The number of listings in Long Beach, CA increased by 5.6% between December and January 2025. In January 2025 median list price was $825,147 and the average listing age was 42 days.
From Rocket Homes Real Estate and based on county public records data.