1073 Orizaba Avenue, Long Beach, CA 90804

• 5 beds |
• 4 baths

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, its 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 homeswithout rental unitshave sold for comparable prices. With built-in income potential, this property offers exceptional long-term value.

Listing Status:

Active

Listing Office:

Coldwell Banker Realty : 562-494-4600

Listing Agent:

Luen Song : 916-288-7292

MLS ID:

PW25107437

Interior

• A/C: N/K
• Heating: Floor Furnace

Exterior

• General: N/K
• Pool: N/K

Construction

• Roofing: Composition
• General: Wood2 Story

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Public Rec7258002007

Financial

• Source: California Regional MLS

This listing courtesy of Luen Song, Coldwell Banker Realty