625 Orizaba Ave - Apartments FOR SALE


Long Beach, CA 90814- Eastside Long Beach
$2,650,000 USD
310-490-8134
625 Orizaba Ave, Long Beach, CA for Sale
$2,650,000 USD
Apartments - FOR SALE
1/32
null | 5.44% Cap Rate

625 Orizaba Ave
Long Beach, CA 90814
Eastside Long Beach


HIGHLIGHTS

  • Incredible location - Bluff Heights!
  • Turnkey asset - Highly upgraded!
  • Onsite parking! - Each unit has it's own laundry and mini-split units throughout!

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$577 USD /SF

# OF UNITS

6

PRICE/UNIT

$441,667

CAP RATE

5.44%

% 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

1978

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,602 SF

ZONING

LBR2N

APN/PARCEL ID

7258-032-013

ASK ABOUT THIS PROPERTY

Cameron JacquesKinnery's Brokerage House and Elite PropertyMore Info
310-490-8134

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Cameron JacquesKinnery's Brokerage House and Elite PropertyMore Info
310-490-8134

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