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1604 Orizaba Ave, Long Beach, CA 90804
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1604 Orizaba Ave Long Beach, CA 90804

$1,700,000 Sold Price as of 07/19/2021
  • 9 Beds
  • 9 Baths
  • 4,086 Sq.Ft.
Sold
$1,700,000 Sold Price as of 07/19/2021 Refinance Your Mortgage
Map preview of 1604 Orizaba Ave, Long Beach, CA 90804

Property Overview: 1604 Orizaba Ave Long Beach, CA has 9 bedrooms, 9 bathrooms, 4,086 living square feet and 6,370 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to offer this 6-unit mid-century style apartment building in the heart of Long Beach’s Zaferia neighborhood. The property is located at 1604 Orizaba Ave, less than 2 blocks South of Pacific Coast Highway, and 2 blocks West of Redondo Ave. This puts the property in close proximity to public transportation, and has a walk score of 87, indicating many errands can be done on foot. The investment is comprised of (3) two-bedroom, two-bathroom units, as well as (3) one-bedroom, one-bathroom units. Built in 1953, the building has 4,086 SF of living space on the 6,369 SF lot. Each of the units is separately metered for electricity, and there is covered/garage parking available for tenants via the alley behind Orizaba. Due to the strength of the rental market, this property is currently 100% occupied, and minor upgrades can be made to drive additional value.

Listed by Justin White | BRE #01267826 | Justin White
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 127

Home details

Lot Sq. Ft
6,370
HOA Dues
$0/mo
Year built
1953
Garage
3 Car
Property Type:
Apartment
Status
Sold
MLS#
PW21011457
City
Long Beach
County
Los Angeles
Time on Site
1205 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,835
  • Total Rent: $1,835
  • Pro Forma/Market Rent: $2,015
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,445
  • Total Rent: $1,445
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,015
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,015
  • Total Rent: $2,015
  • Pro Forma/Market Rent: $2,015
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $1,595
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.41%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $124,620
  • Net Operating Income: $79,433
  • Gross Operating Income: $120,881
  • Vacancy Allowance: $3,738
Annual Expense Breakdown
  • Total Operating Expense: $41,448
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $22,320
  • Trash: $600
  • Insurance: $1,800
  • Maintenance: $3,000
  • Professional Management: $6,044
  • Water/Sewer: $3,766
  • Other Expenses: $2,418

Property Details for 1604 Orizaba Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, Good Condition, Wood, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
  • Parking Features: Carport, Garage Faces Rear, Garage - Single Door, Gated, Street
Lot Information
  • Lot Features: 36-40 Units/Acre, Gentle Sloping, Landscaped, Lawn, Level with Street, Rectangular Lot, Near Public Transit, Park Nearby, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 7259028006
  • Year Built Source: Public Records
  • Architectural Style: Contemporary
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: 2 blocks South of Pacific Coast Hwy, 1 block West of Orizaba, directly across from Neito-Hererra Elementary School
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Park, Sidewalks, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 1604 Orizaba Ave

Last sold for $1,700,000 on July 19th, 2021

  • July, 2021

  • Jul 20, 2021

    Date

    Sold

    CRMLS: PW21011457

    $1,700,000

    Price

  • Jun 11, 2021

    Date

    Active Under Contract

    CRMLS: PW21011457

    $1,700,000

    Price

  • May 17, 2021

    Date

    Price Change

    CRMLS: PW21011457

    $1,700,000

    Price

  • May 7, 2021

    Date

    Price Change

    CRMLS: PW21011457

    $1,750,000

    Price

  • Jan 20, 2021

    Date

    Active

    CRMLS: PW21011457

    $1,800,000

    Price

  • January, 2017

  • Jan 24, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,299,000

    Price

  • March, 2016

  • Mar 21, 2016

    Date

    Sold (Public Records)

    Public Records

    $950,000

    Price

Show More

Tax History for 1604 Orizaba Ave

Assessed Value (2020): $1,378,507
Year Land Value Improved Value Assessed Value
2020 $742,845 $635,662 $1,378,507

Home Value Compared to the Market

This property vs the competition

1604 Orizaba Ave sold on July 19, 2021 for 112.5% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $416.05 per/sqft which puts the price per square foot 34.17% lower than the current median sale per square foot for the city of Long Beach.

About 1604 Orizaba Ave

Detailed summary of property

1604 Orizaba Ave is a apartment that recently sold in Long Beach, CA 90804. This apartment offered 9 bedrooms, 9 bathrooms, roughly 4,086 living square feet, and sits on an approximately 6,370 square foot lot. 1604 Orizaba Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,700,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 112.5% higher than the current median priced home. Local homes that are currently for sale include 436 Gaviota Ave, 1616 E 4th St and 249 Grand Ave. While the average home in Long Beach, CA is selling in 51 days, 1604 Orizaba Ave has a days on market of 127 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 1604 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 1604 Orizaba Ave

Public county record property details
Beds
9
Baths
8
Year built
1953
Sq. Ft.
4,086
Lot Size
6,369
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
7259-028-006

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
$515,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
54
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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