1604 Orizaba Avenue

Long Beach, CA 90804

$1,700,000
Last Sold Price
9
Beds
9
Baths
4,086 Sq. Ft.
$416 / Sq. Ft.
4,086
Sq. Ft.
$416
per Sq. Ft.

Description

We are proud to offer this 6-unit mid-century style apartment building in the heart of Long Beach’s Zaferia neighborhood. The property is located at 1604 Orizaba Ave, less than 2 blocks South of Pacific Coast Highway, and 2 blocks West of Redondo Ave. This puts the property in close proximity to public transportation, and has a walk score of 87, indicating many errands can be done on foot. The investment is comprised of (3) two-bedroom, two-bathroom units, as well as (3) one-bedroom, one-bathroom...We are proud to offer this 6-unit mid-century style apartment building in the heart of Long Beach’s Zaferia neighborhood. The property is located at 1604 Orizaba Ave, less than 2 blocks South of Pacific Coast Highway, and 2 blocks West of Redondo Ave. This puts the property in close proximity to public transportation, and has a walk score of 87, indicating many errands can be done on foot. The investment is comprised of (3) two-bedroom, two-bathroom units, as well as (3) one-bedroom, one-bathroom units. Built in 1953, the building has 4,086 SF of living space on the 6,369 SF lot. Each of the units is separately metered for electricity, and there is covered/garage parking available for tenants via the alley behind Orizaba. Due to the strength of the rental market, this property is currently 100% occupied, and minor upgrades can be made to drive additional value.
  1. Listed by Justin White • DRE #01267826 • Brokerage DRE #01267826 • Justin White

Property Details for 1604 Orizaba Avenue

Architectural Style
Contemporary
View
Neighborhood
Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4086

Location

Listing Courtesy of Justin White, Justin White, DRE #01267826

Sold By On The Move Realty, Cesar Acosta, DRE #01320633

Add your commute
LISTING UPDATED: 07/20/2021 03:02 AM

Property Details for 1604 Orizaba Avenue

StatusClosed
MLS #PW21011457
Days on Market127
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
CountyLos Angeles County

Location

Listing Courtesy of Justin White, Justin White, DRE #01267826

Sold By On The Move Realty, Cesar Acosta, DRE #01320633

Add your commute

Building Information for 1604 Orizaba Avenue

Building/Complex1604 Orizaba AveFloor-Stories2Residences-Pet Policy-Year Built1953Building Size-

Payment Calculator

$11,176 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,278

Property Taxes

$1,898

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1604 Orizaba Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $124,620
  • Gross Scheduled Income: $124,620
  • Vacancy Allowance: 3738
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $120,881
  • Net Operating Income: $79,433
  • Cap Rate: 4.41
  • Current Financing: Conventional
  • Financing: Cash
Expense Details
  • Operating Expense: $41,448
  • Operating Expense Percent: 3.00%
  • New Taxes Expense: $22,320
  • Fuel Expense: $0
  • Pest Control Expense: $400
  • Electric Expense: $0
  • Insurance Expense: $1,800
  • Maintenance Expense: $3,000
  • Professional Management Expense: $6,044
  • Other Expense: $2,418
  • Trash Expense: $600
  • Water Sewer Expense: $3,766
  • Total Expenses: $41,448
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: None
  • Tax Census Tract: 5751.03
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Park, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Fence: Yes
  • Fence: Wood, Wrought Iron
  • Fencing: Block, Good Condition, Wood, Wrought Iron
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Green Info
  • Walk Score: 87
Land/Lot Info
  • Lot Features: 36-40 Units/Acre, Gentle Sloping, Landscaped, Lawn, Level with Street, Rectangular Lot, Near Public Transit, Park Nearby, Walkstreet
  • Direction Faces: West
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Alley Paved, Paved
  • Road Frontage Type: Alley, City Street
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage: Carport, Garage - 1 Car, Gated, On street
  • Parking Garage Spaces: 3
  • Carport Spaces: 3
  • Parking Features: Carport, Garage Faces Rear, Garage - Single Door, Gated, Street
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: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,835
  • Unit Type Total Rent: $1,835
  • Unit Type Pro Forma: 2015
  • 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: No
  • Unit Type Actual Rent: $1,445
  • Unit Type Total Rent: $1,445
  • Unit Type Pro Forma: 1595
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,995
  • Unit Type Total Rent: $1,995
  • Unit Type Pro Forma: 2015
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,015
  • Unit Type Total Rent: $2,015
  • Unit Type Pro Forma: 2015
  • Unit Type Type: 4
Unit 5
  • 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: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 1595
  • Unit Type Type: 5
Unit 6
  • 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: No
  • Unit Type Actual Rent: $1,595
  • Unit Type Total Rent: $1,595
  • Unit Type Pro Forma: 1595
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 1604 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 1604 Orizaba Avenue

Taxable ValueLand$612,000Additions$1,122,000Total$1,734,000
Tax Record2023$22,775 ($1,898 / month)
Home Facts
Total Finished SqFt4,086 SqFtAbove Grade Finished SqFt4,086 SqFtLot Size6,370 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningLBR2NCountyLOS ANGELESAPN7259-028-006

Schools near 1604 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
Lee 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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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 Justin White, Justin White, DRE #01267826

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.