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1444 E 16th St
For Sale $1,975,000
$1,975,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 6,503 Sq Ft
Description
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.
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 | $1,975,000 |
| Property Type | Single Family Homes |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1924 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7268034008 |
| MLS # | OC25086210 |
| Property ID | 291991671 |
| Lot Sqft | 6,503 |
| Zoning | LBR2N |
| Total Units | 7 |
| Days on Market | 248 |
| Original List Price | $1,975,000 |
| Date Updated | June 23, 2025 |
| Date Created | April 18, 2025 |
Listing Provided By
Nancy Nguyen an agent of Wynn Real Estate, Inc.. Lic #01758862
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of June 23, 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