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1035 Orange Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Desirable mix of 2 and 3 bedroom units
- Separately metered for gas and electric
- Solid 4.6% cap rate and 13.74 GRM on actuals
- Approximately 21.4% rental upside
- Ability to achieve extra upside with parking income
- 5.95% cap rate and 11.39 GRM at market rents
Property Facts
| No. Units | 6 | Building Size | 4,093 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | Parking Ratio | 0.98/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R2N, Long Beach - Residential Neighborhood | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,093 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | R2N, Long Beach - Residential Neighborhood |
Amenities
Unit Amenities
- Ceiling Fans
- Oven
- Range
- Tub/Shower
- Family Room
- Window Coverings
Site Amenities
- Laundry Facilities
- Gated
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $2,214 | - |
| 2+1 | 5 | $1,627 | - |
Property Taxes
| Parcel Number | 7267-006-018 | Improvements Assessment | $616,985 |
| Land Assessment | $1,136,553 | Total Assessment | $1,753,538 |
Property Taxes
Parcel Number
7267-006-018
Land Assessment
$1,136,553
Improvements Assessment
$616,985
Total Assessment
$1,753,538
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