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1073 Orizaba Avenue, Long Beach, CA 90804

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For Sale

$1,199,000

5 beds • 3 baths • 1 half baths • 2,044 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $586.59
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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 with a market value lease potential of $3,500/month -Rear units 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)
MLS# PW25107437

Courtesy Of Coldwell Banker Coastal Alliance

(562) 494-4600

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Lawn, Patio
  • Architecture Style
    Other
  • Exterior Type
    Wood Siding
  • Floor Covering
    Vinyl
  • Heating System
    Floor Furnace
  • Rooms
    Kitchen, Living Room

Map and Directions

Directions to 1073 Orizaba Avenue, Long Beach, CA 90804

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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