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1073 Orizaba Ave, Long Beach, CA 90804
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1073 Orizaba Ave Long Beach, CA 90804

$1,209,000
  • 5 Beds
  • 3.5 Baths
  • 2,044 Sq.Ft.
For Sale
$1,209,000 Get Pre-Qualified
Map preview of 1073 Orizaba Ave, Long Beach, CA 90804

Property Overview: 1073 Orizaba Ave Long Beach, CA has 5 bedrooms, 3.5 bathrooms, 2,044 living square feet and 6,727 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to this charming craftsman-style home, boasting an updated 3-bedroom, 1.5-bathroom front house. This property is truly unique, featuring two high-income producing 1-bedroom, 1-bathroom units at the back, each occupied by quiet, long-term tenants. Adding to its allure, the back units are situated over four extra-long, separate garage units and a large laundry room. This setup not only provides convenience but also offers significant income potential. Compared to similar properties in the area, this home stands out with its income-producing units, setting it apart as an exceptional investment opportunity. A neighboring property recently sold for a similar price but lacked the additional income-producing units, making this property a rare find in the market. With the option to live comfortably in the front house while generating income from the back units, this property offers the perfect blend of lifestyle and investment potential. Don't miss the chance to own this income-generating gem in a highly desirable location. Schedule your viewing today.

Listed by Luen Song | BRE #01733206 | Coldwell Banker Realty
Last checked: 5 minutes ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 50
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Home details

Lot Sq. Ft
6,727
HOA Dues
$0/mo
Year built
1922
Garage
4 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW24045679
City
Long Beach
County
Los Angeles
Time on Site
52 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $66,780
  • Net Operating Income: $44,570
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $3,901
  • Trash: $0
  • Insurance: $717
  • Water/Sewer: $1,590

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Property Details for 1073 Orizaba Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 7258002007
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: Orizaba and 11th St
Neighborhood Information
  • Community Features: Urban
View more facts & features

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Sale History for 1073 Orizaba Ave

Last sold for $145,000 on December 21st, 2010

  • March, 2024

  • Mar 6, 2024

    Date

    Active

    CRMLS: PW24045679

    $1,209,000

    Price

  • January, 2024

  • Jan 30, 2024

    Date

    Expired

    CRMLS: PW23156145

    $1,209,000

    Price

  • Sep 15, 2023

    Date

    Active

    CRMLS: PW23156145

    $1,259,000

    Price

  • Listing provided courtesy of CRMLS

    Front house is an updated 3 BD / 1.5 BA single family, craftsman style home. The two back units are each high-income producing 1 BD/ 1 BA with quiet, long-term tenants. The back units sit over 4 extra long, separate garage units and a large laundry room.

  • December, 2010

  • Dec 21, 2010

    Date

    Sold (Public Records)

    Public Records

    $145,000

    Price

  • September, 1996

  • Sep 24, 1996

    Date

    Sold (Public Records)

    Public Records

    $130,000

    Price

Show More

Tax History for 1073 Orizaba Ave

Assessed Value (2020): $410,008
Year Land Value Improved Value Assessed Value
2020 $251,863 $158,145 $410,008

Home Value Compared to the Market

This property vs the competition

1073 Orizaba Ave is listed 51.14% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $637 and this home is listed at $591.49 per/sqft which puts the price per square foot 7.14% lower than the median price per square foot for the city of Long Beach.

About 1073 Orizaba Ave

Detailed summary of property

1073 Orizaba Ave is a mixed use located in Long Beach, CA 90804 and is currently for sale. This mixed use property offers 5 bedrooms, 3.5 bathrooms, roughly 2,044 living square feet, and sits on an approximately 6,727 square foot lot. 1073 Orizaba Ave was first listed on ArdentRealEstateGroup.com on March 6, 2024. The homeowner is currently asking $1,209,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $637. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 51.14% higher than the median priced home. Local competing homes currently for sale include 9504 Telegraph Rd, 9318 S Western Ave and 7608 Painter Ave. While the average home in Long Beach, CA is selling in 54 days, 1073 Orizaba Ave has a days on market of 50 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 1073 Orizaba Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1073 Orizaba Ave

Public county record property details
Beds
5
Baths
4
Year built
1922
Sq. Ft.
2,044
Lot Size
6,750
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7258-002-007

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$519,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$642,000
Median Sold Price/Sq.Ft.
$584
Total Inventory
41
Median Sale to List Price %
95.82%
Avg Days on Market
25
Loan Type
Conventional (83.33%), FHA (0%), VA (0%), Cash (0%), Other (16.67%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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