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5497 Orange Ave
Long Beach, CA 90805
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Garden-style community featuring a two-story walk-up design with partial single-story construction, situated in the desirable Long Beach rental market
- The building offers gated pedestrian access, pitched composition shingle roofs, garage parking, additional street parking, and a community laundry roo
- Centrally located between the 91, 405, and 710 Freeways, and surrounded by a variety of shopping centers, employment opportunities, and entertainment
- All units are separately metered for gas and electricity, and conveniently include gas wall heaters, as well as gas stovetop ranges and ovens.
- Prime City of Long Beach rental location at Orange Avenue and Market Street, near Long Beach Airport, Virginia Country Club, Long Beach Exchange, Skyl
Executive Summary
Mark Bridge at Matthews is pleased to present the Orange Avenue Apartments at 5497 Orange Ave in a solid Long Beach rental location. This garden-style two-story walkup is partially single-story construction, excellent curb appeal, and in great condition thanks to quality management. The property is nicely landscaped and has separate gas and electric meters. The building has gated pedestrian access, garage parking, on-site laundry, and a 100-gallon water heater. The units have
All units are separately metered for gas and electricity and include gas wall heaters, stovetop ranges, and ovens. Tenants benefit from onsite laundry with a 100-gallon hot water heater, garage parking, and additional street parking.
The property is ideally located near Long Beach Airport, Virginia Country Club, Hilltop Park, Long Beach Exchange, and the Port of Long Beach. With quick access to the 91, 405, and 710 Freeways, the location offers strong connectivity to shopping, employment, and entertainment centers.
Garden-style community featuring a two-story walk-up design with partial single-story construction, situated in the desirable Long Beach rental market. The property showcases excellent curb appeal, highlighted by well-maintained landscaping, mature greenery, and a welcoming exterior that enhances its long-term tenant appeal.gas wall heaters and stovetop ranges and ovens. The strong City of Long Beach location at Orange Ave and Market St offers an investor the ability to attract quality residents seeking a well-located residence with convenient access to a wide variety of activities and retail amenities. Nearby are Long Beach Airport, Virginia Country Club, Long Beach Exchange, Skylines at Long Beach, Hilltop Park, and the Port of Long Beach. The overall demand for well-located apartments like this will be a key driver in the continued growth for the Orange Ave Apartments in Long Beach, California.
• All units are separately metered for gas and electricity, and conveniently include gas wall heaters, as well as gas stovetop ranges and ovens.
• The building offers gated pedestrian access, pitched composition shingle roofs, garage parking, additional street parking, and a community laundry room equipped with a 100-gallon hot water heater.
• Prime City of Long Beach rental location at Orange Avenue and Market Street, near Long Beach Airport, Virginia Country Club, Long Beach Exchange, Skylines at Long Beach, Hilltop Park, and the Port of Long Beach.
• Centrally located between the 91, 405, and 710 Freeways, and surrounded by a variety of shopping centers, employment opportunities, and entertainment options.
Broker of Record | David Harrington | License # 02168060 (CA)
All units are separately metered for gas and electricity and include gas wall heaters, stovetop ranges, and ovens. Tenants benefit from onsite laundry with a 100-gallon hot water heater, garage parking, and additional street parking.
The property is ideally located near Long Beach Airport, Virginia Country Club, Hilltop Park, Long Beach Exchange, and the Port of Long Beach. With quick access to the 91, 405, and 710 Freeways, the location offers strong connectivity to shopping, employment, and entertainment centers.
Garden-style community featuring a two-story walk-up design with partial single-story construction, situated in the desirable Long Beach rental market. The property showcases excellent curb appeal, highlighted by well-maintained landscaping, mature greenery, and a welcoming exterior that enhances its long-term tenant appeal.gas wall heaters and stovetop ranges and ovens. The strong City of Long Beach location at Orange Ave and Market St offers an investor the ability to attract quality residents seeking a well-located residence with convenient access to a wide variety of activities and retail amenities. Nearby are Long Beach Airport, Virginia Country Club, Long Beach Exchange, Skylines at Long Beach, Hilltop Park, and the Port of Long Beach. The overall demand for well-located apartments like this will be a key driver in the continued growth for the Orange Ave Apartments in Long Beach, California.
• All units are separately metered for gas and electricity, and conveniently include gas wall heaters, as well as gas stovetop ranges and ovens.
• The building offers gated pedestrian access, pitched composition shingle roofs, garage parking, additional street parking, and a community laundry room equipped with a 100-gallon hot water heater.
• Prime City of Long Beach rental location at Orange Avenue and Market Street, near Long Beach Airport, Virginia Country Club, Long Beach Exchange, Skylines at Long Beach, Hilltop Park, and the Port of Long Beach.
• Centrally located between the 91, 405, and 710 Freeways, and surrounded by a variety of shopping centers, employment opportunities, and entertainment options.
Broker of Record | David Harrington | License # 02168060 (CA)
Property Facts
| Price Per Unit | $219,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.53% | Building Size | 3,315 SF |
| Gross Rent Multiplier | 13 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 2.41/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | Multifamily | ||
| Price Per Unit | $219,000 |
| Sale Type | Investment |
| Cap Rate | 4.53% |
| Gross Rent Multiplier | 13 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,315 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 2.41/1,000 SF |
| Zoning | Multifamily |
Amenities
Unit Amenities
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Oven
- Range
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,218 | 630 |
| 2+1 | 1 | $1,740 | 795 |
Property Taxes
| Parcel Number | 7128-004-002 | Improvements Assessment | $811,824 |
| Land Assessment | $330,141 | Total Assessment | $1,141,965 |
Property Taxes
Parcel Number
7128-004-002
Land Assessment
$330,141
Improvements Assessment
$811,824
Total Assessment
$1,141,965
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