1224 E 17th Street, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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1224 E 17th Street
Long Beach, California 90813
ACTIVE
CONDITION: FAIR
0Beds
0Baths
5,016Sq Ft
7,790Lot Size
Property Price
LIST PRICE$1,700,000
EST. MARKET VALUE
$1,669,387
SUMMARY
This multifamily property presents a High-Potential Investment Opportunity with a List Price of $1,700,000—positioned above the $1,642,374 Fair Market Value. While the property requires capital for modernization due to its Fair Condition Rating, the Diverse Unit Mix and Ample Private Parking (six garages) provide significant rental upside. This asset is well-positioned for long-term cash flow in a high-demand urban market. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to stabilize and modernize a classic Long Beach multifamily asset.
Estimated Market Value
$1,669,387
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1224 E 17th Street Subject | $1,700,000* List Price | 0 | 0 | 5,016 | $333 | - |
A 834 Walnut Sold | $1,425,000 | 0 | 0 | 3,993 | $357 | 0.7 mi |
B 826 Gaviota Sold | $1,190,000 | 0 | 0 | 3,119 | $382 | 0.8 mi |
C 1125 Linden Avenue Active | $1,290,000 List Price | 0 | 0 | 3,500 | $369 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1925, this property is nearly a century old. While it remains a functional, income-producing multi-family asset, the 'drive-by only' restriction and lack of interior photos strongly suggest dated kitchens, bathrooms, and systems (HVAC/Electric) that likely require modernization and minor repairs to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Diverse Unit Mix
The property features a desirable mix of four 2-bedroom units and one large 3-bedroom unit, providing versatile rental options and significant upside potential in a high-demand market.
- Ample Private Parking
The inclusion of six garages is a rare and premium asset in Long Beach, significantly increasing the property's value and appeal to tenants in a neighborhood where parking is scarce.
- Strategic Investment Location
Situated near downtown Long Beach with easy access to public transportation, shopping, and major freeways, the property is positioned for stable cash flow and long-term appreciation.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1925, the property may require substantial capital expenditures for maintenance or modernization of older systems such as plumbing, electrical, and roofing.
- Limited Initial Access
The 'drive-by only' restriction suggests potential challenges with interior inspections and tenant coordination, which may complicate the initial due diligence process for buyers.
About 1224 E 17th Street
Rare Long Beach multifamily investment opportunity featuring five well-designed units on a spacious lot in a highly desirable rental market. This income-producing property includes four 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit above six garages in the back, offering an attractive unit mix with strong upside potential. Ideally located near shopping, restaurants, schools, public transportation, and major freeways, this is an exceptional opportunity for investors seeking stable cash flow and long-term appreciation. PLEASE DRIVE BY ONLY!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1925
- Lot Size
- 7,790 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 5,016 | 2,300.724 |
| Lot Size | 7,790 | 5,277.379 |
| Price | $1.70M | $1.24M |
| Price per sq ft | $339 | $513 |
| Built year | 1925 | 1949 |
| HOA | $0 | $0 |
| Days on market | 74 | 74 |
Pricing History
Listed for Sale
Jun 27, 2026
$1,700,000
Initial Listing
Sold
Mar 23, 2015
$760,000
Public Record
Sold
Mar 4, 2014
$50,000
Public Record
Sold
Oct 29, 1998
$330,000
Public Record