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358 Orange Ave, Long Beach, CA 90802
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358 Orange Ave Long Beach, CA 90802

$1,355,000 Sold Price as of 06/05/2020
  • 8 Beds
  • 4 Baths
  • 3,526 Sq.Ft.
Sold
$1,355,000 Sold Price as of 06/05/2020 Refinance Your Mortgage
Map preview of 358 Orange Ave, Long Beach, CA 90802

Property Overview: 358 Orange Ave Long Beach, CA has 8 bedrooms, 4 bathrooms, 3,526 living square feet and 2,966 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this great opportunity to own a trophy property in Alamitos Beach. Situated less than half a mile to the water with a WalkScore of 93, you are minutes to Downtown Long Beach, Second Street, East Village Arts District, and more! All 4 units are large 2 bedroom, 1 bathroom units with all of the Spanish-style charm one could desire. The property is fully leased with a true cap. rate of 4.54% and GRM of 14.32. Upgrades include submetered electrical panels and gas meters, complete electrical re-wire, retrofitted for earthquake with a strapped foundation, upgraded copper plumbing, community laundry, and closed circuit security cameras. As an added bonus, there is a large, clean, and walkable basement offering additional storage. With this fantastic combination of location, unit mix, upgrades, and curb appeal, this property comprises a truly unique investment opportunity.

Listed by Juan Huizar | BRE #01417642 | Sage Real Estate
Co-listed by Caleb Baldwin | BRE #02056751 | Sage Real Estate
Last checked: 16 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
2,966
HOA Dues
$0/mo
Year built
1931
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW20072621
City
Long Beach
County
Los Angeles
Time on Site
1406 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,160
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,160
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,160
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,160
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.54%
  • Gross Rent Multiplier: 14.32
  • Gross Scheduled Income: $96,000
  • Net Operating Income: $62,400
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $33,600
  • Electric: $720
  • Gas/Fuel: $0
  • New Taxes: $17,187
  • Trash: $0
  • Gardener: $720
  • Insurance: $1,800
  • Water/Sewer: $2,400

Virtual Tour

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Property Details for 358 Orange Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Flat, Spanish Tile
  • Has Fence
  • Wire
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Off Street, Public
Lot Information
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7275006003
  • Year Built Source: Assessor
  • Architectural Style: Spanish
  • Foundation Details: Raised, Seismic Tie Down
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: From the 710, head East on Broadway, turn left and head North on Orange Ave, the property is on the right.
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 358 Orange Ave

Last sold for $1,355,000 on June 5th, 2020

  • June, 2020

  • Jun 6, 2020

    Date

    Sold

    CRMLS: PW20072621

    $1,355,000

    Price

  • May 15, 2020

    Date

    Pending

    CRMLS: PW20072621

    $1,375,000

    Price

  • Apr 21, 2020

    Date

    Active Under Contract

    CRMLS: PW20072621

    $1,375,000

    Price

  • Apr 13, 2020

    Date

    Active

    CRMLS: PW20072621

    $1,375,000

    Price

  • June, 2020

  • Jun 5, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,355,000

    Price

  • May, 2017

  • May 5, 2017

    Date

    Sold (Public Records)

    Public Records

    $940,000

    Price

Show More

Tax History for 358 Orange Ave

Assessed Value (2020): $997,534
Year Land Value Improved Value Assessed Value
2020 $636,724 $360,810 $997,534

Home Value Compared to the Market

This property vs the competition

358 Orange Ave sold on June 5, 2020 for 71.88% 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 $389.96 per/sqft which puts the price per square foot 38.3% lower than the current median sale per square foot for the city of Long Beach.

About 358 Orange Ave

Detailed summary of property

358 Orange Ave is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,526 living square feet, and sits on an approximately 2,966 square foot lot. 358 Orange Ave was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $1,355,000. 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 71.88% higher than the current median priced home. Local homes that are currently for sale include 1971 Locust Ave, 1761 Redondo Ave and 2175 Earl Ave. While the average home in Long Beach, CA is selling in 51 days, 358 Orange Ave has a days on market of 7 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 358 Orange Ave Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 358 Orange Ave

Public county record property details
Beds
8
Baths
4
Year built
1931
Sq. Ft.
3,526
Lot Size
2,965
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7275-006-003

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$530,000
Median List Price/Sq.Ft.
$630
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
130
Median Sale to List Price %
102.86%
Avg Days on Market
37
Loan Type
Conventional (51.52%), FHA (3.03%), VA (3.03%), Cash (24.24%), Other (15.15%)

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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