1073 Orizaba AVE 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
Subdivision Other (Othr)
MLS Listing ID PW25107437
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1922
Lot Size 6,730 Sqft
Acres 0.1545
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 Kitchen,Laundry,Living Room,Main Floor Bedroom,Main Floor Primary Bedroom,Primary Bathroom
Interior
Interior Features Quartz Counters,Unfurnished
Heating Floor Furnace
Cooling None
Flooring Vinyl
Fireplaces Type None
Appliance Vented Exhaust Fan,Water Heater
Laundry Gas Dryer Hookup,Individual Room,Washer Hookup
Exterior
Parking Features Direct Garage Access,Driveway,Concrete,Paved,Driveway Level,Garage,Garage Faces Front,Garage - Single Door,Gated,On Site,Parking Space,Shared Driveway,Street
Garage Spaces 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 None
Roof Type Composition
Handicap Access 2+ Access Exits,Doors - Swing In,Parking
Private Pool No
Building
Lot Description 2-5 Units/Acre,Back Yard,Front Yard,Lawn,Level with Street,Lot 6500-9999,Rectangular Lot,Near Public Transit,Patio Home,Sprinklers None
Story 2
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Second Garage
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Security Features Window Bars
Acceptable Financing None
Listing Terms None
Financing None
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Luen Song
SHOW CONTACT PH (323) 540-4550
SHOW INSTRUCTIONS Contact agent to arrange a showing. DO NOT disturb the tenants.