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Off market
  • Listing Provided by: 
    $1,119,700

    5497 Orange Ave, Long Beach, CA 90805

    --beds
    --baths
    3,315sqft
    Multi Family
    Built in 1954
    -- sqft lot
    $1,119,700 Zestimate®
    $338/sqft
    $-- Estimated rent

    What's special

    Exceptional Investment Opportunity in North Long Beach! This well-maintained 5-unit multifamily property offers a compelling mix of stable income and long-term upside potential. The building consists of four spacious 1-bedroom/1-bath units and one larger 2-bedroom/1-bath unit, making it a great fit for a variety of tenants. Each unit is individually metered for gas and electricity, simplifying utility management and maximizing cost-efficiency. The building has been plumbed with full copper plumbing. Investors will appreciate the coin-operated laundry room, which provides additional income, and the 4-car garage, offering both convenience and potential for increased revenue. Located in a rising pocket of North Long Beach, this asset is close to transportation, employment hubs, and local amenities, ensuring strong rental demand. With market rents trending upward, there’s ample opportunity to increase cash flow through strategic improvements and rent adjustments. Whether you're a seasoned investor or new to multifamily ownership, this is a rare chance to secure a high-potential asset in an improving area. Don’t miss out on this attractive blend of current income and future growth!

    Zillow last checked: 7 hours ago

    Listing updated: May 19, 2025 at 01:12pm

    Source: CRMLS,MLS#: RS25095588MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Disposal, Gas Range
    • Laundry: Common Area
    Features
    • Flooring: Carpet, Laminate, Vinyl
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,315
    • Total interior livable area: 3,315 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Assigned
    • Garage spaces: 4
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 2
    • Pool features: None
    • Spa features: None
    • Fencing: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 5,040 sqft
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 7128004002
    • Zoning: LBR3T
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Stucco, Wood Siding, Copper Plumbing
    Condition
    • New construction: No
    • Year built: 1954

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
    Community
    • Community features: Suburban
    Senior living
    • Senior community: Yes
    Location
    • Region: Long Beach
    • Subdivision: North Long Beach (Nlb)

    HOA & financial

    Other financial information
    • Total actual rent: 76464

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Services availability
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    Estimated market value

    $1,119,700