About 1224 E 17th Street
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.
Features of 1224 E 17th Street
| MLS® # | PW25074352 |
|---|---|
| Price | $1,990,000 |
| Bedrooms | 9 |
| Bathrooms | 0.00 |
| Acres | 0.18 |
| Type | Residential Income |
| Status | ACTIVE |
Community Information
| Address | 1224 E 17th Street |
|---|---|
| Area | LONG BEACH (90813) |
| County | Los Angeles |
| State | CA |
| Zip Code | 90813 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | N/K |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Exterior
| Lot Description | Sidewalks |
|---|
Additional Information
| Date Listed | April 10th, 2025 |
|---|---|
| Days on Market | 6 |
| Zoning | Assessor |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX College Park Realty |
|---|