For sale
  • Listing Provided by: 

    Luen Song DRE #01733206 write.luen@gmail.com,

    Coldwell Banker Realty

    $1,199,000

    1073 Orizaba Ave, Long Beach, CA 90804

    --beds
    --baths
    2,044sqft
    : 
    Triplex
    Built in 1922
    -- sqft lot
    $1,190,200 Zestimate®
    $587/sqft
    $-- HOA

    What's special

    Ample spaceCharming craftsman architectureSpacious front unit
    This beautiful Craftsman-style 3-unit property presents an exceptional investment opportunity with significant upside potential! The property features two fully rented back units and a spacious front unit with a market value lease of $3,500/month. The charming Craftsman architecture adds timeless character and appeal, making this property a standout in the area. With the front unit offering ample space, it’s an ideal opportunity for an owner-occupant to live in the front unit while generating rental income from the two back units, or to maximize the investment potential by renting out all three. Property Highlights: -3 units in total -Front unit has a market value lease potential of $3,500/month -Rear units currently generating $1,700/month and $1,730/month (each) at full occupancy -Total Monthly Rent (for fully rented units): $6,930/month -Annual Gross Scheduled Income (GSI): $83,160 (potential) This is a rare opportunity to own a multi-unit Craftsman in a neighborhood where nearby single-family homes—without rental units—have sold for comparable prices. With built-in income potential, this property offers exceptional long-term value.
    76 days
    on Zillow
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    145
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