CA > Long Beach
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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Drew Reid

Drew Reid

+1(408) 515-1362
Listed by Luen Song • Coldwell Banker Realty
$ 1,199,000
Est. payment | /mo

6,729 Sqft Lot

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

6,729 Sqft Lot

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

MLS Listing IDX PLUS
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agent
Drew Reid

REALTOR® | Lic# 01332884

+1(408) 515-1362

410 N Santa Cruz Ave, Los Gatos, CA, 95030-5321, USA

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1073 Orizaba AVE