CA > Long Beach
Long Beach, CA 90813,1444 E 16th ST
Long Beach, CA 90813,1444 E 16th ST
Long Beach, CA 90813,1444 E 16th ST
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$1,975,000
Est. payment /mo
6,503 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25083282

HOA Y/N No

Year Built 1924

Annual Tax Amount $15,562

Tax Year 2025

Lot Size 6,503 Sqft

Property Sub-Type Multi Family

Property 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

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Heating Electric

Cooling None

Fireplace No

Laundry None

Exterior

Fence Wood

Building

Lot Description 6-10 Units/Acre

Story 2

Water Public

Others

Tax ID 7268034008

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Nancy Nguyen • Wynn Real Estate, Inc. • 714-383-0180
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"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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