Skip To Content

    1604 Orizaba Avenue

    Long Beach, CA 90804
    • $1,800,000
    • STATUS: Active
    • ON SITE: 88 days
    • ID#: PW21011457
    UPDATED: 47 min ago
    $1,800,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,086
      SQFT
    • $441
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    We are proud to offer this 6-unit mid-century style apartment building in the heart of Long Beachs Zaferia neighborhood. The property is located at 1604 Orizaba Ave, less than 2 blocks South of Pacific Coast Highway, and 2 blocks West of Redondo Ave. This puts the property in close proximity to public transportation, and has a walk score of 87, indicating many errands can be done on foot. The investment is comprised of (3) two-bedroom, two-bathroom units, as well as (3) one-bedroom, one-bathroom units. Built in 1953, the building has 4,086 SF of living space on the 6,369 SF lot. Each of the units is separately metered for electricity, and there is covered/garage parking available for tenants via the alley behind Orizaba. Due to the strength of the rental market, this property is currently 100% occupied, and minor upgrades can be made to drive additional value.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/113402248
    Print Image

    1604 Orizaba Avenue Long Beach, CA 90804

    • Price: $1,800,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: PW21011457
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,086
    SQFT
    $441
    $/SQFT
    1953
    Built
    Neighborhood:
    Eastside (Es)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    We are proud to offer this 6-unit mid-century style apartment building in the heart of Long Beachs Zaferia neighborhood. The property is located at 1604 Orizaba Ave, less than 2 blocks South of Pacific Coast Highway, and 2 blocks West of Redondo Ave. This puts the property in close proximity to public transportation, and has a walk score of 87, indicating many errands can be done on foot. The investment is comprised of (3) two-bedroom, two-bathroom units, as well as (3) one-bedroom, one-bathroom units. Built in 1953, the building has 4,086 SF of living space on the 6,369 SF lot. Each of the units is separately metered for electricity, and there is covered/garage parking available for tenants via the alley behind Orizaba. Due to the strength of the rental market, this property is currently 100% occupied, and minor upgrades can be made to drive additional value.
    Exterior Features

    Architectural Style Contemporary Carport Spaces 3 Carport YN Yes Construction Materials Stucco Direction Faces West Fencing BlockGood ConditionWoodWrought Iron Foundation Details Slab Lot Features 36-40 Units/AcreGentle SlopingLawnLandscapedNear ParkNear Public TransitRectangular LotStreet LevelWalkstreet Number Of Separate Electric Meters 6 Parking Features CarportDoor-SingleGarageGatedGarage Faces RearOn Street Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Alley PavedPaved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Cap Rate 4.41 Common Interest Community Apartment Community Features CurbsGutter(S)Street LightsSidewalksUrbanPark Current Financing Conventional Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 124620 Gross Scheduled Income 124620 Insurance Expense 1800 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 3000 Net Operating Income 79433 New Construction YN No New Taxes Expense 22320 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 6 Operating Expense 41448 Other Expense 2418 Pest Control Expense 400 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricity Total Actual Rent 10385 Trash Expense 600 Vacancy Allowance 3738 Vacancy Allowance Rate 3 Water Sewer Expense 3766 Water Source Public Zoning Lbr2n

    Listing provided courtesy of Justin White of Justin White


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365116449-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365116449-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365116449-1.jpg
    Logo
    Team Forss Realty Group
    31213 Temecula Parkway
    Temecula CA, 92592