$ 2,250,000
-
$2,250,000
Price -
18
Bed -
10
Bath -
6,804
SqFt
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About the Listing PW1004 - PSPENCER
1033 Orizaba Avenue is an excellent cash-flowing multifamily asset located in a prime Long Beach location just north of Rose Park. The property consists of eight units, including (2) 3-bedroom, 2-bath units and (6) 2-bedroom, 1-bath units, offering a versatile unit mix that appeals to a wide range of tenants—from individuals and roommates to families seeking additional space. The property features four single-car garages, four additional surface parking spaces, a large outdoor deck above the garages, and a community laundry facility, providing desirable amenities that enhance tenant retention and livability. Additionally, the garage configuration presents a compelling value-add opportunity, as a new owner could explore the potential to convert the existing garages into up to two Accessory Dwelling Units (ADUs), further increasing income and maximizing the site’s utility (buyer to verify). The asset is currently generating strong income of $16,895 per month ($202,740 annually), delivering immediate and stable cash flow. There is also meaningful upside in the current rents, most notably within one of the 3-bedroom units, offering investors the opportunity to further enhance revenue over time. 1033 Orizaba Avenue presents investors with a rare opportunity to acquire a well-located, stabilized multifamily property with both strong in-place income and clear value-add potential in one of Long Beach’s most established rental markets, supported by consistent demand and proximity to employment, retail, and everyday amenities.
Listing Highlights
Status
Active
Days on Site
37
Property Type
Multi-Family
MLS ®
PW26065434
Year Built
1963
Total Square Footage
6,804
Lot/Acreage
0.15
Interior Details
- Bedrooms: 18
- Bathrooms: 10 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rectangular Lot,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7258002018
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
1033 Orizaba Long Beach, CA 90804
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