$2,100,000
$2,300,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
1600 Orizaba AVE Long Beach, CA 90804
6,969 Sqft Lot
Key Details
Sold Price $2,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID OC19244880
Sold Date 04/08/20
HOA Y/N No
Year Built 1963
Lot Size 6,969 Sqft
Property Description
Great multi-family, 9-unit building in a good rental area. There are 8 2-bedrooms and 1 1-bedroom and all but 3 units have had some upgrades. The building has 6 garages that are currently used by the owner. With some TLC, there is tremendous potential for income growth from each unit plus the garages as noted in the proforma rental income. The property is across from Nieto Herrera Elementary School and within walking distance to Pacific Coast Hwy, shops and restaurants.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Heating Natural Gas, Wall Furnace
Fireplace No
Appliance Gas Range
Laundry Common Area, Washer Hookup, Electric Dryer Hookup
Exterior
Parking Features Driveway, Garage Faces Front, Garage Faces Rear
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
Total Parking Spaces 8
Private Pool No
Building
Lot Description 6-10 Units/Acre, Near Public Transit
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7259028007
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Energy Description 1200.0
Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash to New Loan, Conventional, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Anthony Walker • Buckingham Investments, Inc