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
Subdivision Ross & Davidson Tract
MLS Listing ID PW25107437
Year Built 1922
Lot Size 6,730 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
Rooms
Other Rooms Second Garage
Interior
Heating Floor Furnace
Cooling None
Flooring Vinyl
Fireplaces Type None
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
Building
Lot Description 2-5 Units/Acre,Back Yard,Front Yard,Lawn,Near Public Transit,Rectangular Lot,Sprinklers None,Street Level
Story 2
Foundation Raised
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard