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    1035 Orange Avenue

    Long Beach, CA 90813
    • $1,675,000
    • STATUS: Active
    • ON SITE: 88 days
    • ID#: PW21032054
    UPDATED: 28 min ago
    $1,675,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,093
      SQFT
    • $409
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    1035 Orange Avenue is a six-unit apartment building in the heart of Long Beach. The property features a desirable mix of two and three bedroom units that are bright and spacious. The building also offers four parking spaces and is separately metered for gas and electric. There is approximately 21.4% rental upside potential and the ability to achieve extra upside with parking space income. With billions of dollars in privately and publicly-funded development taking place, Long Beach is in the midst of a full-scale transformation into a premier metropolitan city, attracting an influx of new businesses, high-quality jobs and an educated, professional demographic of residents.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T17:32:06.727. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/114277946
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    1035 Orange Avenue Long Beach, CA 90813

    • Price: $1,675,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: PW21032054
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,093
    SQFT
    $409
    $/SQFT
    1923
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    1035 Orange Avenue is a six-unit apartment building in the heart of Long Beach. The property features a desirable mix of two and three bedroom units that are bright and spacious. The building also offers four parking spaces and is separately metered for gas and electric. There is approximately 21.4% rental upside potential and the ability to achieve extra upside with parking space income. With billions of dollars in privately and publicly-funded development taking place, Long Beach is in the midst of a full-scale transformation into a premier metropolitan city, attracting an influx of new businesses, high-quality jobs and an educated, professional demographic of residents.
    Exterior Features

    Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 6 Open Parking Spaces 4 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Common Interest Community Apartment Community Features Urban Electric Expense 1125 Fuel Expense 1125 Garage YN No Gross Income 115813 Gross Scheduled Income 121908 Insurance Expense 2047 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 3300 Net Operating Income 76969 New Construction YN No New Taxes Expense 20807 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 38844 Other Expense 1200 Pest Control Expense 500 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1125 Water Sewer Expense 1125 Water Source Public Zoning Lbr2n

    Listing provided courtesy of Robert Stepp of Keller Williams - Santa Monica


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T17:32:06.727. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
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    617 Saxony Place #101
    Encinitas CA, 92024