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1224 E 17th St
For Sale $1,750,000
$1,750,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 7,790 Sq Ft
Description
HUGE PRICE REDUCTION! 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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,750,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 6 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7268031031 |
| MLS # | PW25074352 |
| Property ID | 291991313 |
| Lot Sqft | 7,790 |
| Zoning | LBR2N |
| Total Units | 5 |
| Days on Market | 256 |
| Original List Price | $1,990,000 |
| Date Updated | November 09, 2025 |
| Date Created | April 10, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $9,565 | $0 |
| Net Income (Yr) | $ 98,010 |
Listing Provided By
Sophea Pel an agent of . Lic #01491556
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of November 09, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT