1073 Orizaba Avenue

Long Beach, CA 90804

$1,209,000
Price
5
Beds
4
Baths
2,044 Sq. Ft.
$591 / Sq. Ft.
2,044
Sq. Ft.
$591
per Sq. Ft.

Description

Welcome to this charming craftsman-style home, boasting an updated 3-bedroom, 1.5-bathroom front house. This property is truly unique, featuring two high-income producing 1-bedroom, 1-bathroom units at the back, each occupied by quiet, long-term tenants. Adding to its allure, the back units are situated over four extra-long, separate garage units and a large laundry room. This setup not only provides convenience but also offers significant income potential. Compared to similar properties in the area,...Welcome to this charming craftsman-style home, boasting an updated 3-bedroom, 1.5-bathroom front house. This property is truly unique, featuring two high-income producing 1-bedroom, 1-bathroom units at the back, each occupied by quiet, long-term tenants. Adding to its allure, the back units are situated over four extra-long, separate garage units and a large laundry room. This setup not only provides convenience but also offers significant income potential. Compared to similar properties in the area, this home stands out with its income-producing units, setting it apart as an exceptional investment opportunity. A neighboring property recently sold for a similar price but lacked the additional income-producing units, making this property a rare find in the market. With the option to live comfortably in the front house while generating income from the back units, this property offers the perfect blend of lifestyle and investment potential. Don't miss the chance to own this income-generating gem in a highly desirable location. Schedule your viewing today.
  1. Listed by Luen Song • DRE #01733206 • Brokerage DRE #00616212 • Coldwell Banker Realty • write.luen@gmail.com

Property Details for 1073 Orizaba Avenue

Parking Spaces Total
4
Private Pool
No
Cooling Type
None
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2044
Assessor Parcel Number
7258-002-007

Location

Listing Courtesy of Coldwell Banker Realty, Luen Song, DRE #01733206
Add your commute
LISTING UPDATED: 04/16/2024 09:13 AM

Property Details for 1073 Orizaba Avenue

StatusActive
MLS #PW24045679
Days on Market54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1922
Lot Size0.15 AC / 6,727 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Luen Song, DRE #01733206
Add your commute

Building Information for 1073 Orizaba Avenue

Stories2Residences-Year Built1922Building Size-Lot Size0.15 AC / 6,727 SF

Payment Calculator

$7,099 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,598

Property Taxes

$501

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1073 Orizaba Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $50,670
  • Gross Scheduled Income: $66,780
  • Net Operating Income: $44,570
Expense Details
  • Operating Expense: $3,901
  • Insurance Expense: $717
  • Trash Expense: $0
  • Water Sewer Expense: $1,590
  • Total Expenses: $3,901
Tax / Assessment Info
  • Tax Tract Number: 6
  • Tax Census Tract: 5769.03
  • Tax Lot: 6
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: street level
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Eastside
  • Builders Tract Code: Eastside (ES)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Range: 2

Property History for 1073 Orizaba Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1073 Orizaba Avenue

Taxable ValueLand$264,752Additions$166,237Total$430,989
Tax Record2023$6,018 ($501 / month)
Home Facts
Total Finished SqFt2,044 SqFtAbove Grade Finished SqFt2,044 SqFtLot Size6,750 SqFtStyleTriplexYear Built1922ZoningLBR2NCountyLOS ANGELESAPN7258-002-007

Schools near 1073 Orizaba Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Willard Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Richard D. Browning High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1073 Orizaba Avenue is a mixed use property for sale in Long Beach, CA 90804. This property was listed for sale on March 6, 2024 by Coldwell Banker Realty, it's currently listed at $1,209,000. It has been on the market for a total of 54 days and was last sold on December 6, 2010. This listing's school district is Long Beach Unified School District. Nearby schools include Willard Elementary School, Jefferson Leadership Academies School and Wilson High School. 1073 Orizaba Avenue is a 5-bed, 4-bath, 2,044 sqft mixed use property built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Luen Song, DRE #01733206

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.