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625 Orizaba Ave 6 Unit Apartment Building $2,798,000 ($466,333/Unit) 5.15% Cap Rate Long Beach, CA 90814



Investment Highlights
- Incredible location - Bluff Heights!
- Onsite parking! - Each unit has it's own laundry and mini-split units throughout!
- Turnkey asset - Highly upgraded!
Executive Summary
A Masterfully Reimagined Investment Opportunity: Step into one of Long Beach’s most desirable coastal neighborhoods. This exceptional multifamily estate has been extensively transformed, blending timeless architectural charm with sophisticated modern finishes to establish a new benchmark for turnkey investment excellence. A rare offering for the discerning investor, the property delivers both enduring value and elevated living. This premier six unit asset has undergone an extensive renovation with premium-quality finishes throughout, offering the ideal balance of classic character and contemporary luxury. The beautifully updated building has been thoughtfully modernized for today’s lifestyle, featuring all new gourmet kitchens, elegantly remodeled bathrooms, luxury vinyl plank flooring, mini-split climate control systems, upgraded electrical, and entirely new plumbing throughout the property. Further enhancing the estate’s value and versatility are two newly constructed accessory dwelling units (ADUs), seamlessly integrated into the property’s design. Each ADU has been carefully crafted with privacy, functionality, and style in mind, offering private in unit laundry, thoughtfully designed floor plans, and refined interiors that maximize both comfort and efficiency. Additionally, the property features three generously sized garages, providing secure parking and added convenience for tenants and owners alike. The level of craftsmanship and attention to detail is evident throughout the entire property, far too many upgrades and enhancements to fully capture here. Please inquire for a comprehensive list of improvements. Ideally located near the vibrant Belmont Shore Second Street corridor, residents enjoy immediate access to an incredible collection of boutique shopping, renowned restaurants, charming coffee shops, and an energetic coastal atmosphere, all within close proximity to the ocean and Long Beach’s scenic waterfront lifestyle.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,798,000 | Apartment Style | Low-Rise |
| Price Per Unit | $466,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.15% | Building Size | 5,847 SF |
| Gross Rent Multiplier | 13.27 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1978/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.51/1,000 SF |
| Zoning | LBR2N | ||
| Price | $2,798,000 |
| Price Per Unit | $466,333 |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| Gross Rent Multiplier | 13.27 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,847 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2025 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | LBR2N |
Amenities
- Smoke Detector
Unit Amenities
- Fireplace
- Washer/Dryer
- Kitchen
- Granite Countertops
- Refrigerator
- Sprinkler System
- Yard
- Family Room
- Quartz Countertops
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,965 | 1,407 |
| 2+2 | 2 | $3,100 | 1,220 |
| 2+1 | 2 | $2,500 | 562 - 689 |
| 1+1 | 1 | $2,400 | 728 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7258-032-013 | Total Assessment | $1,601,400 |
| Land Assessment | $1,020,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $581,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
7258-032-013
Land Assessment
$1,020,000
Improvements Assessment
$581,400
Total Assessment
$1,601,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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625 Orizaba Ave
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