5497 Orange AVE new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90805
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID RS25095588
Year Built 1954
Lot Size 5,039 Sqft
Property Sub-Type Apartment
Property Description
Exceptional Investment Opportunity in North Long Beach! This well-maintained 5-unit multifamily property offers a compelling mix of stable income and long-term upside potential. The building consists of four spacious 1-bedroom/1-bath units and one larger 2-bedroom/1-bath unit, making it a great fit for a variety of tenants. Each unit is individually metered for gas and electricity, simplifying utility management and maximizing cost-efficiency. The building has been plumbed with full copper plumbing. Investors will appreciate the coin-operated laundry room, which provides additional income, and the 4-car garage, offering both convenience and potential for increased revenue. Located in a rising pocket of North Long Beach, this asset is close to transportation, employment hubs, and local amenities, ensuring strong rental demand. With market rents trending upward, there's ample opportunity to increase cash flow through strategic improvements and rent adjustments. Whether you're a seasoned investor or new to multifamily ownership, this is a rare chance to secure a high-potential asset in an improving area. Don't miss out on this attractive blend of current income and future growth!
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR3T
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet,Laminate,Vinyl
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Fence None
Pool None
Community Features Suburban
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard