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359 Orizaba Ave Long Beach, CA 90814

$1,271,000 Sold Price as of 02/27/2020

4 Beds
4 Baths
2,126 Sq.Ft.

Sold

$1,271,000 Sold Price as of 02/27/2020 Refinance Your Mortgage

Map preview of 359 Orizaba Ave, Long Beach, CA 90814

Property Overview: 359 Orizaba Ave Long Beach, CA has 4 bedrooms, 4 bathrooms, 2,126 living square feet and 6,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BACK ON THE MARKET 30K PRICE DROP, PREVIOUS BUYER DID NOT CLOSE! NOW IS YOUR OPPORTUNITY! One of the most beautiful & richly preserved Craftsman properties in Bluff Heights. Sustainable rental income from additional units that will help pay most of your monthly mortgage! 359 Orizaba in Historic Bluff Heights has it ALL! Main house is a 1920s Craftsman that is 3 bed/ & 2 baths, with a stunning private backyard oasis. HUGE renovated backyard, hot tub, & grilling area. Brand new mahogany fence was installed to give privacy from back units. Sellers have METICULOUSLY accounted for every inch of this home and it shows! Indoor laundry room & a stunning Master en suite bathroom with brand new shower & completely replaced plumbing. 3 car garage, and a drive way for two cars. Total of 5 parking spots! 2 units in the back of the house. Mother-In-Law studio unit that has been renovated & currently earns between $2400-$3400 PER MONTH on Airbnb. Also behind back house is 1Bed/1Bath, approx. 480 sqft. Rented for $1300/ month on a month-month lease. Sellers have used the income from the one bed /1 bath unit ($1300 per month) & Airbnb Mother-In-Law studio ($2400-3400 per month) to pay the mortgage in full every month. You will not get that elsewhere in Bluff Heights living in such a luxuriously Craftsman front home! The front home is detached from back units! Perfect for owner use OR investor to make even more profit from renting the front house as well!

Listed by Kristina Moore | BRE #01926377 | The Moore Group

Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft: 6,501
HOA Dues: $0/mo
Year built: 1961
Garage: 3 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW19266805
City: Long Beach
County: Los Angeles
Time on Site: 1521 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2
# of Leased Units: 1
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $4,500
Total Rent: $4,500
Pro Forma/Market Rent: $6,000

Unit Breakdown 2

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,800
Total Rent: $2,800
Pro Forma/Market Rent: $3,500

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $1,300
Total Rent: $1,300
Pro Forma/Market Rent: $1,700

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $103,000
Net Operating Income: $72,100
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $30,900
Electric: $0
Gas/Fuel: $0
New Taxes: $0
Trash: $0
Insurance: $0
Water/Sewer: $0

Property Details for 359 Orizaba Ave

Interior Features

Heating Information

Has Heating
Floor Furnace

Laundry Information

Has Laundry
Inside

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 5

Lot Information

Lot Features: 2-5 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 3
Parcel Number: 7257010025
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Other (OTHR)
Other Subdivision Name: Bluff Heights
Directions: Orizaba & Colorado

Neighborhood Information

Community Features: Suburban

View more facts & features

Local Long Beach Agent

Sale History for 359 Orizaba Ave

Last sold for $1,271,000 on February 27th, 2020

March, 2020
Mar 1, 2020

Date

Sold

CRMLS: PW19266840

$1,271,000

Price
Jan 29, 2020

Date

Pending

CRMLS: PW19266840

$1,269,000

Price
Jan 19, 2020

Date

Price Change

CRMLS: PW19266840

$1,269,000

Price
Jan 19, 2020

Date

Active

CRMLS: PW19266840

$1,299,000

Price
Jan 8, 2020

Date

Pending

CRMLS: PW19266840

$1,299,000

Price
Jan 8, 2020

Date

Active

CRMLS: PW19266840

$1,299,000

Price
Dec 23, 2019

Date

Hold

CRMLS: PW19266840

$1,299,000

Price
Nov 18, 2019

Date

Active

CRMLS: PW19266840

$1,299,000

Price
Listing provided courtesy of CRMLS

BACK ON THE MARKET! 30K PRICE DROP! PREVIOUS BUYER DID NOT CLOSE! NOW IS YOUR OPPORTUNITY! One of the most beautiful & richly preserved Craftsman properties in Bluff Heights. Sustainable rental income from additional units that will help pay most of your monthly mortgage! 359 Orizaba in Historic Bluff Heights has it ALL! Main house is a 1920s Craftsman that is 3 bed/ & 2 baths, with a stunning private backyard oasis. HUGE renovated backyard, hot tub, & grilling area. Brand new mahogany fence was installed to give privacy from back units. Sellers have METICULOUSLY accounted for every inch of this home and it shows! Indoor laundry room & a stunning Master en suite bathroom with brand new shower & completely replaced plumbing. 3 car garage, and a drive way for two cars. Total of 5 parking spots! 2 units in the back of the house. Mother-In-Law studio unit that has been renovated & currently earns between $2400-$3400 PER MONTH on Airbnb. Also behind back house is 1Bed/1Bath, approx. 480 sqft. Rented for $1300/ month on a month-month lease. Sellers have used the income from the one bed /1 bath unit ($1300 per month) & Airbnb Mother-In-Law studio ($2400-3400 per month) to pay the mortgage in full every month. You will not get that elsewhere in Bluff Heights living in such a luxuriously Craftsman front home! The front home is detached from back units! Perfect for owner use OR investor to make even more profit from renting the front house as well!

Continue Reading
March, 2020
Mar 1, 2020

Date

Sold

CRMLS: PW19266805

$1,271,000

Price
Jan 29, 2020

Date

Pending

CRMLS: PW19266805

$1,269,000

Price
Jan 19, 2020

Date

Active

CRMLS: PW19266805

$1,269,000

Price
Jan 19, 2020

Date

Price Change

CRMLS: PW19266805

$1,269,000

Price
Jan 8, 2020

Date

Pending

CRMLS: PW19266805

$1,299,000

Price
Jan 8, 2020

Date

Active

CRMLS: PW19266805

$1,299,000

Price
Dec 23, 2019

Date

Hold

CRMLS: PW19266805

$1,299,000

Price
Nov 18, 2019

Date

Active

CRMLS: PW19266805

$1,299,000

Price
February, 2020
Feb 27, 2020

Date

Sold (Public Records)

Public Records

$1,271,000

Price
November, 2016
Nov 4, 2016

Date

Sold (Public Records)

Public Records

$935,000

Price

Tax History for 359 Orizaba Ave

Assessed Value (2020): $992,229

Year	Land Value	Improved Value	Assessed Value
2020	$848,966	$143,263	$992,229

Home Value Compared to the Market

This property vs the competition

359 Orizaba Ave sold on February 27, 2020 for 54.95% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $596.9 per/sqft which puts the price per square foot 4.95% lower than the current median sale per square foot for the city of Long Beach.

About 359 Orizaba Ave

Detailed summary of property

359 Orizaba Ave is a multi family that recently sold in Long Beach, CA 90814. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,126 living square feet, and sits on an approximately 6,501 square foot lot. 359 Orizaba Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,271,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 54.95% higher than the current median priced home. Local homes that are currently for sale include 1147 Ximeno Ave, 1147 Ximeno Ave and 176 Saint Joseph Ave. While the average home in Long Beach, CA is selling in 62 days, 359 Orizaba Ave has a days on market of 44 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 359 Orizaba Ave Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 359 Orizaba Ave

Public county record property details

Beds: 3
Baths: 2
Year built: 1961
Sq. Ft.: 2,126
Lot Size: 6,500
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 21
APN: 7257-010-025

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$625,000

Median List Price/Sq.Ft.

$642

Median Sold Price

$692,500

Median Sold Price/Sq.Ft.

$596

Total Inventory

Median Sale to List Price %

106.54%

Avg Days on Market

Loan Type

Conventional (42.86%), FHA (0%), VA (0%), Cash (21.43%), Other (35.71%)

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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.