Listing provided courtesy of Luen Song of Coldwell Banker Realty. Last updated . Listing information © 2025 Sandicor.
Asking Price: $1,199,000 | Active
1073 Orizaba Avenue, Long Beach CA 90804
Community: East Side
This ResidentialIncome property was built in and is priced at $1,199,000. Please see the additional details below.
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, its 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 homeswithout rental unitshave sold for comparable prices. With built-in income potential, this property offers exceptional long-term value.