1073 Orizaba Avenue

Long Beach, CA 90804

  • 5 Bed(s)
  • 3.5 Bath(s)
  • 2,044 Sqft
  • 6729
    Sqft(Lot)
$1,199,000

Description

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Patio Home

  • AD ID

    49800963

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition
    • Interior Features: Quartz Counters,Unfurnished,Bedroom on Main Level,Main Level Primary
    • Property Appliances: Vented Exhaust Fan,Water Heater
    • Fireplace: None
    • Flooring: Vinyl

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Floor Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1922
    • Building Area Total: 2,044
    • Construction: Wood Siding
    • Roof: Composition

    Foundation

    • Raised

    Security Features

    • Window Bars

    Accessibility Features

    • Safe Emergency Egress from Home,Parking,Accessible Doors

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup,Laundry Room

    Fencing

    • Average Condition,Wood,Wrought Iron

  • Lot Details

    • Lot Dimensions Source: Public Records
    • Lot Size Acres: 0.1545
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6729

  • Listing Price Information

    • Original List Price: 1,199,000
    • Listing Contract Date: 2025-05-16

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7258002007

  • Garage and Parking

    • Garage Description: Concrete,Direct Access,Driveway Level,Door-Single,Driveway,Garage Faces Front,Garage,Gated,On Site,Paved,One Space,Shared Driveway,On Street

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Cable TV,Electricity

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Postal Code Plus 4: 3737
    • Directions: major cross streets are Orizaba and 11th
    • Zoning: LBR2N
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach
    • Property SubType: Triplex

    Building and Construction

    • Property Age: 103
    • Common Walls: 1 Common Wall
    • Property Condition: Updated/Remodeled
    • Structure Type: Triplex
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: front
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/21/2025 @ 10:55

  • MLS: PW25107437
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 5 bedrooms which is for sale, it has 2,044 sqft, 6,729 sized lot, and 4 parking. are nearby neighborhoods.