12
See all 12 photos
$1,199,000
Est. payment /mo
5 Beds
4 Baths
Active
1073 Orizaba Avenue Long Beach, CA 90804
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25107437
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
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, its 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 homeswithout rental unitshave sold for comparable prices. With built-in income potential, this property offers exceptional long-term value.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction major cross streets are Orizaba and 11th
Interior
Heating Floor Furnace
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Tax ID 7258002007
Listed by Luen Song Coldwell Banker Realty