5497 Orange Ave - Apartments FOR SALE


Long Beach, CA 90805- Bixby Knolls
$1,095,000 USD
949-681-8388
5497 Orange Ave, Long Beach, CA for Sale
$1,095,000 USD
Apartments - FOR SALE
1/9
null | 4.53% 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, additional street parking, and a community laundry roo
  • Prime City of Long Beach rental location at Orange Avenue and Market Street, near Long Beach Airport, Virginia Country Club, Long Beach Exchange, Skyl
  • Centrally located between the 91, 405, and 710 Freeways, and surrounded by a variety of shopping centers, employment opportunities, and entertainment

OVERVIEW

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)

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$124 USD /SF

# OF UNITS

5

PRICE/UNIT

$219,000

CAP RATE

4.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,273 SF

ZONING

Multifamily

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 Notice.