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420 Orange Ave, Long Beach, CA 90802
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420 Orange Ave Long Beach, CA 90802

$3,800,000 Sold Price as of 12/09/2019
  • 18 Beds
  • 12 Baths
  • 8,672 Sq.Ft.
Sold
$3,800,000 Sold Price as of 12/09/2019 Refinance Your Mortgage
Map preview of 420 Orange Ave, Long Beach, CA 90802

Property Overview: 420 Orange Ave Long Beach, CA has 18 bedrooms, 12 bathrooms, 8,672 living square feet and 17,940 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 420 Orange is a sensational, fully rehabbed, turnkey, 11 unit, value add, apartment building: Large open floor plans, Oak hardwood flooring, classic kitchen & bathroom tile, original crown moldings throughout, deep built in closets, vintage cabinetry, each unit is individually metered with newer electrical/electrical panel, EQ retrofit. Laundry room, 11 garages, 26 total parking spaces, a rare find in this heavily impacted parking area. With a highly desirable unit mix (7, two beds & 4, one beds) and exquisite design, this building is a must for any investors portfolio. Located in the highly sought after neighborhood of Alamitos Beach. Alamitos Beach is arguably the fastest growing neighborhood in Long Beach due to Its close proximity to the best of what Long Beach has to offer. Nestled alongside the Ocean, and neatly positioned between Belmont shore and Downtown. This location makes for a short walk or drive to restaurants, coffee shops, clothing stores, the arts district/art studios, entertainment, the metro and much more.

Listed by Cameron Jacques | BRE #01852032 | Kinnery's Brokerage House
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 209

Home details

Lot Sq. Ft
17,940
HOA Dues
$0/mo
Year built
1927
Garage
11 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19066833
City
Long Beach
County
Los Angeles
Time on Site
1396 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,097
  • Total Rent: $12,585
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,831
  • Total Rent: $7,325
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.72%
  • Gross Rent Multiplier: 14.31
  • Gross Scheduled Income: $272,556
  • Net Operating Income: $183,910
  • Gross Operating Income: $264,490
  • Vacancy Allowance: $8,066
  • Laundry Income: $3,696
Annual Expense Breakdown
  • Total Operating Expense: $80,580
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 420 Orange Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Wood
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 11
  • # of Parking Spaces: 26
Lot Information
  • Lot Features: Garden, Landscaped, Level with Street, Rectangular Lot, Paved, Walkstreet
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 11
  • Parcel Number: 7266014004
  • Year Built Source: Assessor
  • Architectural Style: Cape Cod
  • Foundation Details: Raised
  • Property is Attached
  • Accessibility Features: Parking
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: Major cross streets/ Ocean and Alamitos
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Golf, Gutters, Park, Sidewalks, Street Lights, Suburban, Urban
View more facts & features

Local Long Beach Agent

Sale History for 420 Orange Ave

Last sold for $3,800,000 on December 9th, 2019

  • December, 2019

  • Dec 10, 2019

    Date

    Sold

    CRMLS: PW19066833

    $3,800,000

    Price

  • Oct 21, 2019

    Date

    Active Under Contract

    CRMLS: PW19066833

    $3,899,000

    Price

  • Sep 20, 2019

    Date

    Price Change

    CRMLS: PW19066833

    $3,899,000

    Price

  • Jul 23, 2019

    Date

    Price Change

    CRMLS: PW19066833

    $3,999,000

    Price

  • Jul 22, 2019

    Date

    Price Change

    CRMLS: PW19066833

    $4,049,000

    Price

  • May 20, 2019

    Date

    Price Change

    CRMLS: PW19066833

    $4,095,000

    Price

  • Mar 27, 2019

    Date

    Active

    CRMLS: PW19066833

    $4,195,000

    Price

  • December, 2019

  • Dec 6, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,800,000

    Price

  • May, 2018

  • May 4, 2018

    Date

    Sold

    CRMLS: PW18074464

    $2,775,000

    Price

  • Apr 5, 2018

    Date

    Active Under Contract

    CRMLS: PW18074464

    $3,000,000

    Price

  • Apr 5, 2018

    Date

    Active

    CRMLS: PW18074464

    $3,000,000

    Price

  • Listing provided courtesy of CRMLS

    420 Orange is a sensational 11 unit apartment building with: Large open floor plans, Oak hardwood flooring, classic kitchen & bathroom tile, original crown moldings throughout, deep built in closets, vintage cabinetry, each unit is individually metered with newer electrical/electrical panel, EQ retrofit. Laundry room, 11 garages, 26 total parking spaces, a rare find in his heavily impacted parking area. With a highly desirable unit mix (7, two beds & 4, one beds) and exquisite design, this building is a must for any investors portfolio. Located in the highly sought after neighborhood of Alamitos Beach. Alamitos Beach is arguably the fastest growing neighborhood in Long Beach due to Its close proximity to the best of what Long Beach has to offer. Nestled alongside the Ocean, and neatly positioned between Belmont shore and Downtown. This location makes for a short walk or drive to restaurants, coffee shops, clothing stores, the arts district/art studios, entertainment, the metro and much more.

  • May, 2018

  • May 1, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,775,000

    Price

Show More

Tax History for 420 Orange Ave

Assessed Value (2020): $3,800,880
Year Land Value Improved Value Assessed Value
2020 $2,280,000 $1,520,880 $3,800,880

Home Value Compared to the Market

This property vs the competition

420 Orange Ave sold on December 9, 2019 for 387.38% 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 $449.61 per/sqft which puts the price per square foot 28.86% lower than the current median sale per square foot for the city of Long Beach.

About 420 Orange Ave

Detailed summary of property

420 Orange Ave is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 18 bedrooms, 12 bathrooms, roughly 8,672 living square feet, and sits on an approximately 17,940 square foot lot. 420 Orange Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $3,800,000. 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 387.38% higher than the current median priced home. Local homes that are currently for sale include 17061 Sandra Lee Ln, 16861 Green Ln and 8116 3rd St. While the average home in Long Beach, CA is selling in 51 days, 420 Orange Ave has a days on market of 209 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 420 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 420 Orange Ave

Public county record property details
Beds
18
Baths
11
Year built
1927
Sq. Ft.
9,940
Lot Size
17,940
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
7266-014-004

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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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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