Wrigley Area (5) Homes with Residential Income Property Type

Wrigley Area (5) Homes with Residential Income Property Type

Welcome to the Wrigley Area of Long Beach, California—a vibrant neighborhood that perfectly blends urban convenience with a welcoming community spirit. Nestled within Los Angeles County, Wrigley boasts a rich history and a diverse culture, making it an ideal place for families, professionals, and investors alike.

One of the standout features of the Wrigley Area is its charming residential income properties. These homes present an incredible opportunity for those looking to invest in real estate while enjoying the benefits of a thriving community. With a mix of single-family homes and multi-unit buildings, Wrigley offers various options for generating rental income. Imagine owning a beautifully restored bungalow or a modern duplex, all while being just minutes away from the vibrant downtown Long Beach, with its array of shops, restaurants, and entertainment options.

The neighborhood is also known for its lush parks and green spaces, providing residents with ample opportunities for outdoor activities. Families can enjoy weekends at the nearby parks, while commuters appreciate the easy access to major freeways and public transportation, making it a breeze to explore all that Los Angeles has to offer.

In addition to its appealing location and investment potential, Wrigley is characterized by its strong sense of community. Local events, farmers' markets, and neighborhood gatherings foster connections among residents, creating a warm and inviting atmosphere. Whether you’re looking to invest in a property or find your forever home, the Wrigley Area is a hidden gem waiting to be discovered. Come and experience the charm of Wrigley—where community and opportunity meet!

Newest Wrigley Area (5) Homes with Residential Income Property Type

2030 Oregon, Long Beach
$1,249,999
DW26232096 MLS ⋅ Active Status
Fully remodeled 3-unit property offering an excellent opportunity for an investor or owner-occupant all units are vacant! The front residence features 2 bedrooms and 1 bathroom, the middle unit offers 2 bedrooms and 2 bathrooms, and the rear unit is a studio. All three units have been beautifully updated throughout and are move-in ready, no one has lived in the property since its full remodel/new construction. Each unit is separately metered for gas and electricity, making utility management simple for both the owner and tenants. A great opportunity to generate multiple rental income streams, live in one unit while renting the others, or add a turnkey multi-unit property to your investment portfolio.

2030 Oregon, Long Beach
213 E Eagle, Long Beach
$929,000
RS26230807 MLS ⋅ Active Status
Welcome to 213 E. Eagle Street, an exceptional investment and multi-generational living opportunity in Long Beach's desirable Wrigley neighborhood! This unique triplex offers three separate residences, each with its own private yard, providing the privacy and independence of individual homes. The standout feature is the VACANT, FULLY REMODELED 2-bedroom, 2-bath residence, offering a beautiful move-in-ready opportunity for an owner-occupant or the potential to establish a new rental at today's market rates. Enjoy the benefits of homeownership while collecting income from the other two residences! The second residence features 2 bedrooms and 1 bathroom, has been recently upgraded, includes its own garage, and is currently rented on a month-to-month basis. The third residence offers 1 bedroom and 1 bathroom with a beautifully updated kitchen, private yard, and month-to-month tenancy. MAJOR IMPROVEMENTS ALREADY COMPLETED! All three residences feature newer roofs, two units have received substantial interior upgrades, and the property offers gated yards, alley access to the garages, and a generous 5,886-square-foot lot. THE OPPORTUNITIES ARE ENDLESS! Perfect for an owner-occupant looking to offset mortgage payments with rental income, an extended family seeking separate living spaces, or an investor looking to capitalize on substantial future rental upside. With one beautifully remodeled unit delivered vacant and the other two generating income well below potential market rents, this property offers a compelling combination of immediate usability and long-term investment potential. Properties offering three separate residences, two individual garages, private outdoor spaces, and this much flexibility are hard to find. Don't miss this outstanding opportunity in the heart of Long Beach!

213 E Eagle, Long Beach
231 W 19th, Long Beach
$799,000
SB26229187 MLS ⋅ Active Status
Welcome to this delightful two-story Spanish-style property that beautifully blends classic charm with modern touches. Upstairs, you'll find two bedrooms, with the second being an ideal spot for a home office or child's room. An expansive bonus room offers flexibility, perfect as additional living space or a third bedroom. The front room also adds versatility, serving as a cozy living area or a formal dining room. Downstairs, a separate studio features a full bath, kitchenette and heater, perfect for accommodating guests or generating rental income. Step outside into the serene courtyard, reminiscent of a Spanish villa, with its magnificent tree and paver stones. This home is brimming with possibilities and awaits your personal touch to transform it into a magical retreat! AI generated photos included

231 W 19th, Long Beach
1085 Lewis, Long Beach
$1,900,000
PW26227999 MLS ⋅ Active Status
COURT ORDERED SALE- SELLER AND BROKER CANNOT MAKE ANY REPRESENTATIONS TO THE CONDITION OR HISTORY OF THE PROPERTY. ACCEPTED OFFER SUBJECT TO COURT CONFIRMATION. We are pleased to present 1085 Lewis Avenue, a 14-unit multifamily property totaling 6,441 square feet of living space built in 1923 in Central Long Beach’s Cambodia Town neighborhood. The property has a unit mix of eight studios, five one-bedroom/one-bath units, and one two-bedroom/one-bath unit. All units are separately metered for gas and electricity (buyer to verify). Priced attractively at $1,900,000, which works out to $135,714 per unit and $294 per square foot, yielding a 7.08% current cap rate and an 8.27 GRM- this is one of the lowest price per unit and highest cap rate deals to come for sale in Long Beach this year. In-place rents are about 12% below current market levels. Long Beach has no municipal rent control ordinance- the property falls under AB 1482 which allows for an 8.7% rent increase currently. The property boasts a 91 walk score and is within a five minute walk of Aldi's, Smart and Final, and Lincoln Elementary/Pre-School. The location is dense and renter-driven, with easy access to Downtown Long Beach, the Port, and the 710 and 405 freeways

1085 Lewis, Long Beach
2217 San Francisco Avenue, Long Beach
$1,490,000
RS26218560 MLS ⋅ Active Status
THREE HOMES, TWO BRAND-NEW in the established Wrigley neighborhood! Situated on a beautiful tree-lined street with an expansive 8,103-square-foot lot extending from San Francisco Avenue to De Forest Avenue, this versatile property offers approximately 3,040 square feet of combined living space with 8 bedrooms and 6 bathrooms. An excellent opportunity for multigenerational living or living in one home while renting the others. The remodeled 3-bedroom, 2-bath home faces San Francisco Avenue. The brand-new 1,200-square-foot, 3-bedroom, 2-bath home faces De Forest Avenue and features paid-off solar, high ceilings, and fire sprinklers. A brand-new 2-bedroom, 2-bath ADU sits between the two homes. Both new residences are vacant and have never been occupied; the remodeled home provides existing rental income. Each residence has separate water and electric meters. Enjoy ample on-site parking, access from both streets, and additional street parking. Convenient to shopping, dining, parks, and freeways—three homes offering flexibility, comfort, and income potential!

2217 San Francisco Avenue, Long Beach
2166 Maine, Long Beach
$1,070,000
OC26221044 MLS ⋅ Active Status
Welcome to 2166 Maine Ave, a beautifully updated 4-bedroom, 2-bath home in Long Beach’s Wrigley neighborhood. Classic architectural details and modern finishes come together in a light-filled, open floor plan with skylights that brighten the living spaces. The kitchen features a center island and opens to the living room, where a fireplace adds warmth and charm. The primary suite offers an attached bath with custom tilework, dual sinks, a soaking tub, and a spacious shower. Outside, the fully enclosed backyard is ready for gatherings, with a covered patio and an outdoor BBQ area equipped with a sink and refrigerator. A detached two-car garage with alley access adds everyday convenience. Move-in ready and conveniently located near dining, shopping, schools, beaches, Downtown Long Beach, and freeway access, 2166 Maine Ave offers plenty to enjoy both at home and nearby.

2166 Maine, Long Beach
2015 Cedar Ave, Long Beach
$1,980,000
NP26204608 MLS ⋅ Active Status
Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the South Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. Recent improvements include an updated roof, electrical system, and unit interior renovations allowing for an investor to acquire a low maintenance building in a strong rental location. With rents slightly below market, this asset provides immediate cash-flow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.

2015 Cedar Ave, Long Beach
2059 Cedar Avenue, Long Beach
$2,525,000
OC26199545 MLS ⋅ Active Status
2059 Cedar Avenue is a 14-unit multifamily property located in Long Beach, California. Built in 1931, 2059 Cedar Avenue features distinctive Spanish Revival-style architecture characterized by its stucco exterior, clay tile roof, arched openings and period architectural detailing. The 2-story property features a unit mix of 6 studios and 8 1-bed/1-bath units totaling approximately 9,399 rentable square feet. Residents enter through a controlled-access main entrance that opens to an interior hallway system serving the individual residences, a layout characteristic of apartment buildings from this era. The property offers several amenities that provide value to both residents and ownership. An on-site laundry facility gives residents the convenience of laundry within the building while generating additional property income. The 4 garage parking spaces are particularly valuable in Long Beach’s dense residential environment, providing residents with dedicated off-street parking while also enhancing the property’s rental income. Current ownership reports copper plumbing and electrical improvements, along with updates to kitchens and bathrooms throughout the property. Units have also received various improvements as they have turned over through the years, with stainless-steel appliances among the upgrades found in select residences. Combining classic 1930s architecture with updated interiors, building-system improvements and incomeproducing resident amenities, 2059 Cedar Avenue offers investors the opportunity to acquire a distinctive Long Beach multifamily asset with numerous capital improvements already completed under current ownership.

2059 Cedar Avenue, Long Beach
2421 Magnolia, Long Beach
$1,200,000
RS26193414 MLS ⋅ Active Status
Exceptional four-unit investment opportunity in Long Beach with a remarkable family ownership history dating back to 1948. The current owner's grandmother originally purchased the property, and it has remained in the family ever since. The property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable and diversified unit mix. Pride of ownership is evident throughout the property, featuring well-maintained stucco, manicured landscaping, a neatly maintained lawn, clean concrete walkways, covered entry areas and secure exterior access. The property also features individual one-car garages with convenient alley access, providing each unit with dedicated parking. Long-term tenancy and a history of dependable rental performance make this an attractive addition to an investor's portfolio. Ideally located near shopping, dining, transportation and major Long Beach amenities.

2421 Magnolia, Long Beach
1940 Chestnut Avenue, Long Beach
$2,775,000
14 Beds ⋅ 14 Baths ⋅ 26901565 MLS ⋅ Active Status
1940 Chestnut Ave | 14-Unit Stabilized Multifamily in Long Beach. 1946-built asset totaling 9,437 SF on an 8,152 SF lot in an established residential corridor one block from major employment and transit corridors in one of Los Angeles County's most durable rental submarkets. The property features a (10) 2+1 / (2) Studio / (2) 3+2 unit mix averaging 723 SF with separately metered electric - a cost-efficiency advantage in this dense urban environment. Twelve units are currently occupied and eleven of twelve occupied units are below market, with rents averaging $1,899.64/month against market rents of $2,003.57, and two units positioned to lease at market rate with zero capital expenditure. Offered at $2,775,000 ($198,214/unit | $294.06/SF) with an 8.13% current cap rate, the real story is what's underneath - an 8.74% pro forma cap and $16,905 in incremental annual NOI as rents mark to market through straightforward execution with no renovation required.

1940 Chestnut Avenue, Long Beach
2690 Oregon Avenue, Long Beach
$920,000
2 Beds ⋅ 2 Baths ⋅ 26865245 MLS ⋅ Active Status
Fantastic **REO** opportunity in Wrigley neighborhood of Long Beach! Charming and well maintained single-story duplex on a desirable tree-lined street. 6461 sq ft corner lot with alley access. LBR1N Zoning. Bank-owned property being sold strictly AS-IS seller will make no repairs. Property is currently occupied. Do Not Disturb Occupants All showings are by appointment only. Presently all offers are subject to interior inspection. **NO OPEN HOUSES**. The historic Wrigley neighborhood is known for its tree-lined streets, classic California bungalows, and strong sense of community. Enjoy nearby local favorites like The Bake 'n Broil, Breakfast Bar and The Lobster Guys, or take a walk along the Wrigley Greenbelt trail. Close to shopping on Willow St and easy freeway access all in one of Long Beach's most walkable, historic neighborhoods Don't miss this one!

2690 Oregon Avenue, Long Beach
2250 Magnolia, Long Beach
$1,099,000
SB26142307 MLS ⋅ Active Under Contract Status
TWO-BEDROOM UNIT AVAILABLE FOR OWNER-OCCUPIED BUYER. Meticulous updates in 2018. Owner Installed ALL NEW copper plumbing throughout, fully rewired with ALL NEW electrical, breaker box and ALL NEW vinyl windows. Located in Long Beach, this well-maintained two-unit residential property totals approximately 2,416 square feet on a generous 6,501 square foot lot. Built in 1934 and zoned LBR2N, the property features two 2-bedroom/1-bath units with current scheduled gross income of approximately $62,040 and pro forma scheduled gross income of approximately $63,600. This asset presents an excellent opportunity for an owner-user or investor seeking stable rental income, rental upside, and long-term appreciation in a strong Long Beach rental market.

2250 Magnolia, Long Beach
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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