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!
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
Zillow last checked: 7 hours ago
Listing updated: May 19, 2025 at 01:12pm
Source: CRMLS,MLS#: RS25095588
Originating 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