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Listed by Luen Song • Coldwell Banker Realty
$1,199,000
Est. payment /mo
6,729 Sqft Lot
Active
1073 Orizaba AVE Long Beach, CA 90804
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25107437
Year Built 1922
Lot Size 6,729 Sqft
Property Sub-Type Triplex
Source California Regional MLS
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
Rooms
Kitchen Exhaust Fan
Interior
Heating Floor Furnace
Cooling None
Laundry Gas Hookup, In Laundry Room, 30
Exterior
Parking Features Garage, Common Parking Area, Gate / Door Opener, Off-Street Parking, Other, Parking Area
Garage Spaces 8.0
Pool 31, None
View None
Roof Type Composition
Building
Lot Description Grade - Level
Foundation Raised
Water Hot Water, District - Public
Others
Tax ID 7258002007
Special Listing Condition Not Applicable
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