1073 Orizaba Avenue Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90804
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