Long Beach, CA 90813 1035 Orange Avenue
$1,575,000
0 more
Presented By: Christopher Arvizu with Christopher Arvizu; 562-506-4559
- MLS# PW25136808
- 06/19/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 13
Baths • 6
SQFT • 4,093
Home Details
1035 Orange Avenue is a 6-unit stabilized multifamily property in City of Long Beach featuring a strong unit mix of 5 two-bedroom, one-bath units and 1 three-bedroom, one-bath cottage-style unit. It boasts a Walkscore of 90, the property is located in an excellent rental location. Key highlights include partial copper plumbing, 50% renovated units, on-site parking, two cottage-style units, new windows in select units, recently painted exterior, roofs in good condition, upgraded electrical panels, and additional income from laundry and pets. Tenants enjoy local boutique shopping, dining, and restaurants.
Presented By: Christopher Arvizu with Christopher Arvizu; 562-506-4559
Interior Features for 1035 Orange Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level2
General for 1035 Orange Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.92
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, StreetLights, Sidewalks, Urban
CountyLos Angeles
Directions10th Street & Orange Avenue
Entry LocationN/A
ExclusionsTenant Personal Items
Garage Spaces0.0
Garage Y/NNo
Gross Income137805.0
HOANo
Home Warranty Y/NNo
Insurance Expense6140.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet7501.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income93213.0
New ConstructionNo
Number Of Units Total6
Operating Expense49393.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot16
Trash Expense0.0
Water Sewer Expense0.0
Year Built1923
Year Built SourceOther
ZoningLBR2N
Exterior for 1035 Orange Avenue
Building Area Total4093.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel, RectangularLot
Lot Size Acres0.1722
Lot Size Area7501.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate