1444 E 16th Street, Long Beach, CA 90813 - Berkshire Hathaway HomeServices California Properties
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1444 E 16th Street, Long Beach, CA 90813

$1,975,000 Approx. USD 0 beds, 0 baths
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Listing Agent


Nancy Nguyen | nancy@wynnrealestates.com
Lic#: 01758862
Broker: Courtesy of Wynn Real Estate, Inc.

Co Listing Agent


Frank Anarumo | anarumohomerealty@gmail.com
Lic#: 02081478
Broker: Courtesy of Wynn Real Estate, Inc.

Agent Remarks

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.

Listing Details

Property type: Cabin (Multi-Family)
Status: Active
MLS# OC25086210
Price: $1,975,000
Beds: 0
Baths: 0
Built in 1924
1 story
0.15 acres
Lot size: 0.1493
Subdivision: unknown
County: Los Angeles
Zoning: LBR2N
Lot description: SixToTenUnitsAcre
MLS area: 7 - North Long Beach

Last Updated: 5/4/2025

 Days On Market (DOM): 19

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This listing belongs to the 7 - North Long Beach MLS area

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Lat/Long: 33.786872, -118.173154.
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Source: CRM. Also Available in OC25083282,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Jimmy Harmantzis REALTOR® - Broker Associate 949-212-2023 m
949-212-2023 o
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com
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