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$1,199,000
Listing Price5beds
2baths
2,044sqft
6,750sqft lot
1073 Orizaba Ave, Long Beach, CA 90804
Member Features
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Home type
Price / sqft
Year built
Home Details
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.nnProperty Highlights:n-3 units in totaln-Front unit has a market value lease potential of $3,500/monthn-Rear units currently generating $1,700/month and $1,730/month (each) at full occupancyn-Total Monthly Rent (for fully rented units): $6,930/monthn-Annual Gross Scheduled Income (GSI): $83,160 (potential)nnThis 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.
Interior Details
2044
5
2
Has Heating:
Yes
Heating Type:
Floor/wall Furnace
Has Cooling:
Yes
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
6750
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Triplex
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$5,461
$251,863
$158,145
--%
$410,008
2019
$5,461
$246,925
$155,045
--%
$401,970
2018
$5,252
$242,084
$152,005
--%
$394,089
2017
$5,196
$237,338
$149,025
--%
$386,363
2016
$4,832
$232,685
$146,103
--%
$378,788
2014
$4,626
$224,701
$141,091
--%
$365,792
2013
$4,487
$223,686
$140,454
--%
$364,140
2012
$4,376
$219,300
$137,700
--%
$357,000
Average Home Price in 90804
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