$1,620,000
$1,675,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
1035 Orange AVE Long Beach, CA 90813
4,093 SqFt
Key Details
Sold Price $1,620,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,093 sqft
Price per Sqft $395
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW21032054
Sold Date 06/10/21
HOA Y/N No
Year Built 1923
Lot Size 7,501 Sqft
Acres 0.1722
Property Description
1035 Orange Avenue is a six-unit apartment building in the heart of Long Beach. The property features a desirable mix of two and three bedroom units that are bright and spacious. The building also offers four parking spaces and is separately metered for gas and electric. There is approximately 21.4% rental upside potential and the ability to achieve extra upside with parking space income. With billions of dollars in privately and publicly-funded development taking place, Long Beach is in the midst of a full-scale transformation into a premier metropolitan city, attracting an influx of new businesses, high-quality jobs and an educated, professional demographic of residents.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR2N
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7267006018
Energy Description 1125.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with John Alden • Alden Pacific Investments, Inc.