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119 Orange Ave
Long Beach, CA 90802
Multifamily Property For Sale
·
10 Units
Property Facts
| No. Units | 10 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 7,484 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1922/2010 |
| Building Class | C | Parking Ratio | 0.27/1,000 SF |
| Zoning | LBR4R | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 7,484 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1922/2010 |
| Parking Ratio | 0.27/1,000 SF |
| Zoning | LBR4R |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer
- Heating
- Refrigerator
- Oven
- Views
- Den
About 119 ORANGE AVE , LONG BEACH, CA 90802
119 Orange Ave. is a 10-unit apartment building in Long Beach, Ca 90802. This property is located just steps from Bixby Park and the ocean in Long Beach’s vibrant Alamitos Beach neighborhood which is a very desirable rental area with low vacancy rates. The property is in excellent location, just a block away from the beach and bike path. It offers tenants access to the numerous popular dining, shopping and entertainment opportunities on Retro Row and newly redeveloping Long Beach Downtown. In the first quarter of 2018, Long Beach recorded a 7.2% year-over-year increase of effective rents. 119 Orange Ave consists of a two-story 1922 construction building that contains 3 studios, 7 one-bed/one-bath units. One-bed/one-Bath units offer Balconies and patios(decks), full kitchen with stove and fridge, tiled bathrooms with deep tubs, walk-in closets, mini blinds, ceiling fans, community BBQ area, clean, quiet and friendly building. Units were upgraded 8 years ago with new bathrooms and kitchens and the upkeep on the property overall has been excellent. Every room has its own character and charm with spacious floor plans. The property is separately metered for water, gas and electric. It also has a washer and dryer for added income. 119 Orange Ave is an amazing location which makes it an outstanding opportunity for an investor to add value and gain substantial upside in rents overtime.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $1,245 | 600 |
| 1+1 | 7 | $1,513 | 750 |
Property Taxes
| Parcel Number | 7265-010-012 | Improvements Assessment | $948,189 |
| Land Assessment | $2,231,036 | Total Assessment | $3,179,225 |
Property Taxes
