Long Beach, CA 90804,1073 Orizaba AVE
Long Beach, CA 90804,1073 Orizaba AVE
Long Beach, CA 90804,1073 Orizaba AVE
Long Beach, CA 90804,1073 Orizaba AVE
Long Beach, CA 90804,1073 Orizaba AVE
Long Beach, CA 90804,1073 Orizaba AVE
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$ 1,199,000
Est. payment | /mo

6,730 Sqft Lot


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$ 1,199,000
Est. payment | /mo
Save

6,730 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Ross & Davidson Tract

MLS Listing ID PW25107437

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1922

Lot Size 6,730 Sqft

Lot Dimensions Public Records

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

Rooms

Other Rooms Second Garage

Interior

Interior Features Quartz Counters, Unfurnished, Bedroom on Main Level, Main Level Primary

Heating Floor Furnace

Cooling None

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Vented Exhaust Fan, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup, Laundry Room

Exterior

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

Garage Spaces 4.0

Garage Description 4.0

Fence Average Condition, Wood, Wrought Iron

Pool None

Community Features Curbs, Sidewalks, Urban

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

View Y/N No

View None

Roof Type Composition

Accessibility Safe Emergency Egress from Home, Parking, Accessible Doors

Total Parking Spaces 8

Private Pool No

Building

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

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Patio Home

Level or Stories Two

Additional Building Second Garage

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 7258002007

Security Features Window Bars

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Luen Song • Coldwell Banker Realty • write.luen@gmail.com
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+1(949) 688-3629

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20 Corporate Park # 175, Irvine, CA, 92606, United States

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1073 Orizaba AVE