1073 Orizaba Avenue, Long Beach, CA

$1,199,000

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5

Beds

4

Baths

0.15

Acres

About 1073 Orizaba Avenue

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.

Features of 1073 Orizaba Avenue

MLS® # PW25107437
Price $1,199,000
Bedrooms 5
Bathrooms 4.00
Acres 0.15
Type Residential Income
Sub-Type Res Income 2-4 Units
Status Active

Community Information

Address 1073 Orizaba Avenue
Area LONG BEACH (90804)
Subdivision East Side
City Long Beach
County Los Angeles
State CA
Zip Code 90804

Amenities

Is Waterfront No
Has Pool No
Pool N/K

Interior

Heating Floor Furnace
Cooling N/K
Fireplace Yes
Stories 2 Story

Exterior

Lot Description Curbs,Sidewalks
Roof Composition
Construction Wood

Additional Information

Date Listed May 16th, 2025
Days on Market 47
Zoning Public Rec
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty

Listing Map

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