5497 Orange Ave - Multi-Family FOR SALE


Long Beach, CA 90805- Bixby Knolls
$1,195,000 USD
949-681-8388
5497 Orange Ave, Long Beach, CA for Sale
$1,195,000 USD
Multi-Family - FOR SALE
1/4
null | 3.81% Cap Rate

5497 Orange Ave
Long Beach, CA 90805
Bixby Knolls


HIGHLIGHTS

  • Garden-style community featuring a two-story walk-up design with partial single-story construction, situated in the desirable Long Beach rental market
  • 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, and additional street parking.
  • Prime City of Long Beach rental location at Orange Avenue and Market Street, near Long Beach Airport, Virginia Country Club, and Long Beach Exchange.
  • Centrally located between the 91, 405, and 710 Freeways, and surrounded by a variety of shopping centers, employment opportunities, and entertainment.

OVERVIEW

Matthews Real Estate Investment Services™ 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 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 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.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

5

PRICE/UNIT

$239,000

CAP RATE

3.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5497 Orange Ave, Long Beach, CA 90805-6187

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

7128-004-002

ASK ABOUT THIS PROPERTY

Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

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Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.