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1155 Orizaba Ave
Long Beach, CA 90804
9 Unit Multifamily Apartment Investment · Multifamily Property For Sale
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9 Units
Investment Highlights
- Well maintained property with excellent curb appeal on a tree lined street
- Potential for additional income with laundry room that is currently not in use
- Tenants pay gas, electric and city provides trash and sewer resulting in low operating expenses
- Excellent unit mix of 8 - 2 bedroom 2 bath, and 1 - 1 bedroom 1 bath with most units 20%-35% below market
- Assumable, attractive loan ($1,525,000 @ 3.12% interest rate fixed through 9/1/2026
Property Facts
| No. Units | 9 | Building Size | 8,371 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1987 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | R2 - Two Family Dwellings | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,371 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | R2 - Two Family Dwellings |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 500 |
| 2+2 | 8 | - | 650 - 750 |
Property Taxes
| Parcel Number | 7259-017-030 | Improvements Assessment | $976,630 |
| Land Assessment | $1,183,794 | Total Assessment | $2,160,424 |
Property Taxes
Parcel Number
7259-017-030
Land Assessment
$1,183,794
Improvements Assessment
$976,630
Total Assessment
$2,160,424
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