1035-1035 1/2 Orange Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,575,000 USD
310-363-4681
1035-1035 1/2 Orange Ave, Long Beach, CA for Sale
$1,575,000 USD
Apartments - FOR SALE
1/6
null | 5.92% Cap Rate

1035-1035 1/2 Orange Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Excellent Rental Location
  • Partial Copper Plumbing
  • Upgraded Electrical Panel
  • New Windows (Selected Units)
  • Attractive In-Place Cash Flow

OVERVIEW

1035 Orange Avenue is a 6-unit stabilized multifamily property in City of Long Beach featuring a strong unit mix of 5 two-bedroom, one-bath units and 1 three-bedroom, one-bath cottage-style unit. It boasts a Walkscore of 90, the property is located in an excellent rental location. Key highlights include partial copper plumbing, 50% renovated units, on-site parking, two cottage-style units, new windows in select units, recently painted exterior, roofs in good condition, upgraded electrical panels, and additional income from laundry and pets. Tenants enjoy local boutique shopping, dining, and restaurants

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

6

PRICE/UNIT

$262,500

CAP RATE

5.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,497 SF

ZONING

R2N, Long Beach

APN/PARCEL ID

7267-006-018

ASK ABOUT THIS PROPERTY

310-363-4681

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310-363-4681

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