CA > Long Beach > North Long Beach (Nlb)
Long Beach, CA 90805,5497 Orange AVE
Long Beach, CA 90805,5497 Orange AVE
Long Beach, CA 90805,5497 Orange AVE
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$1,175,000
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5,039 Sqft Lot
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5497 Orange AVE Long Beach, CA 90805

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID RS25095588

HOA Y/N No

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

Fireplace No

Appliance Disposal, Gas Range

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

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community Yes

Tax ID 7128004002

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Lease Land No

California Regional MLS (CRMLS)
Listed by Oriana Shea • Real Brokerage Technologies • 562-477-3388

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Modern Broker

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5497 Orange AVE

 
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