Homes for sale - 1073 Orizaba Avenue, Long Beach, CA 90804

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Daniel Cuevas

daniel@txveteranagent.com +1(661) 878-6782

Listed by Luen Song • Coldwell Banker Realty

$ 1,199,000

Est. payment | -/mo

2,044 SqFt

Save

$ 1,199,000

Est. payment | -/mo

Save

2,044 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,044 sqft

Price per Sqft $586

MLS Listing ID PW-25107437

Year Built 1922

Lot Size 6,729 Sqft

Property Sub-Type Triplex

Property Description

This beautiful Craftsman-style 3-unit property presents an exceptional investment opportunity with significant upside potential! The property features two fully rented back units and a spacious front unit with a market value lease of $3,500/month. The charming Craftsman architecture adds timeless character and appeal, making this property a standout in the area. With the front unit offering ample space, it's an ideal opportunity for an owner-occupant to live in the front unit while generating rental income from the two back units, or to maximize the investment potential by renting out all three. Property Highlights: -3 units in total -Front unit has a market value lease potential of $3,500/month -Rear units currently generating $1,700/month and $1,730/month (each) at full occupancy -Total Monthly Rent (for fully rented units): $6,930/month -Annual Gross Scheduled Income (GSI): $83,160 (potential) This is a rare opportunity to own a multi-unit Craftsman in a neighborhood where nearby single-family homes--without rental units--have sold for comparable prices. With built-in income potential, this property offers exceptional long-term value.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR2N

Interior

Interior Features Unfurnished

Heating Floor Furnace

Cooling None

Flooring Vinyl

Fireplaces Type None

Laundry Gas Dryer Hookup, Individual Room, Washer Hookup

Exterior

Parking Features Driveway Level, Garage, Garage - Single Door, Garage Faces Front, On Site, Parking Space, Paved, Shared Driveway, Street, Concrete, Direct Garage Access, Driveway

Garage Spaces 4.0

Pool None

Community Features Curbs, Sidewalks, Urban

Utilities Available Sewer Connected, Water Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available

View Y/N No

View None

Building

Lot Description Front Yard, Lawn, Level with Street, Lot 6500-9999, Near Public Transit, Patio Home, Rectangular Lot, Sprinklers None, 2-5 Units/Acre, Back Yard

Sewer Public Sewer

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 878-6782

daniel@txveteranagent.com

2626, Cole Avenue, Ste, 300,Dallas, USA

1073 Orizaba Avenue Long Beach, CA 90804