1073 Orizaba Avenue Long Beach, CA 90804
Listing Courtesy of: CRMLS / Long Beach / Luen Song - Contact:  write.luen@gmail.com

  1073 Orizaba Avenue Long Beach, CA 90804

Active (5 Days)
$1,199,000

Description

This beautiful Craftsman-style 3-unit property presents an exceptional investment opportunity with significant upside potential! The property features two fully rented back units and a spacious front unit with a market value lease of $3,500/month. The charming Craftsman architecture adds timeless character and appeal, making this property a standout in the area. With the front unit offering ample space, it’s an ideal opportunity for an owner-occupant to live in the front unit while generating rental income from the two back units, or to maximize the investment potential by renting out all three.



Property Highlights:

-3 units in total

-Front unit has a market value lease potential of $3,500/month

-Rear units currently generating $1,700/month and $1,730/month (each) at full occupancy

-Total Monthly Rent (for fully rented units): $6,930/month

-Annual Gross Scheduled Income (GSI): $83,160 (potential)



This is a rare opportunity to own a multi-unit Craftsman in a neighborhood where nearby single-family homes—without rental units—have sold for comparable prices. With built-in income potential, this property offers exceptional long-term value.

MLS #:
PW25107437
Lot Size
6,729 SQFT
Type
Multifamily
Year Built
1922
Style
Patio Home
County
Los Angeles County
Community
Ross & Davidson Tract

Listed By

Luen Song, DRE #01733206 CA, Long Beach, Contact: write.luen@gmail.com
Source
CRMLS
Last checked May 22 2025 at 1:19 AM GMT+0000
Bathroom Details
Interior Features
  • Main Level Primary
  • Quartz Counters
  • Unfurnished
  • Laundry: Gas Dryer Hookup
  • Laundry: Laundry Room
  • Laundry: Washer Hookup
  • Vented Exhaust Fan
  • Water Heater
Subdivision
  • Ross & Davidson Tract
Lot Information
  • Back Yard
  • Front Yard
  • Lawn
  • Near Public Transit
  • Rectangular Lot
  • Sprinklers None
  • Street Level
Property Features
  • Foundation: Raised
Heating and Cooling
  • Floor Furnace
Flooring
  • Vinyl
Exterior Features
  • Roof: Composition
Utility Information
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected, Water Source: Public
  • Sewer: Public Sewer
Parking
  • Concrete
  • Direct Access
  • Door-Single
  • Driveway
  • Driveway Level
  • Garage
  • Garage Faces Front
  • Gated
  • On Site
  • On Street
  • One Space
  • Paved
  • Shared Driveway
Stories
  • 2
Additional Information: Long Beach | write.luen@gmail.com
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.