1073 Orizaba Avenue, Long Beach, CA 90804
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1073 Orizaba Avenue,Long Beach, CA 90804
$1,199,000
- - Beds
- - Baths
- 2,044 sq. ft.
- Multi-family
- Active
Listed by:luen song
Office:coldwell banker realty
MLS#:PW25107437
Source:CRMLS
Price summary
- Price:$1,199,000
- Price per sq. ft.:$586.59
About this home
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 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 homes-without rental units-have sold for comparable prices. With built-in income potential, this property offers exceptional long-term value.
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Home facts
- Year built:1922
- Listing ID #:PW25107437
- Added:137 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
Rooms and interior
- Living area:2,044 sq. ft.
Heating and cooling
- Heating:Floor Furnace
Structure and exterior
- Roof:Composition
- Year built:1922
- Building area:2,044 sq. ft.
- Lot area:0.15 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,199,000
- Price per sq. ft.:$586.59
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