$1,475,000
$100K PRICE DROP

Estimated payment $9,496/month

Total Views 3,109
13 Beds
6 Baths
4,093 Sq Ft
$360 Price per Sq Ft

Highlights

  • Laundry Room
  • Rectangular Lot
  • 2-minute walk to Craftsman Village Park
  • Long Beach Polytechnic High School Rated A

About This Home

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.

Listing Agent

Christopher Arvizu

Christopher Arvizu Brokerage Phone: 562-506-4559 License #01477085 Listed on: 06/19/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,501 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Home Design

  • Apartment

Interior Spaces

  • 4,093 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 6 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 16 / B
  • Tax Tract Number 3281
  • Assessor Parcel Number 7267006018
  • $1,235 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $6,140
  • Professional Management Expense $7,253
  • Operating Expense $48,143
  • Gross Income $137,805
  • Net Operating Income $94,463

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 6.40
  • Price Per Unit: 245833
  • Professional Management Expense: 7253.00
  • Property Attached: Yes
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7267006018
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 360.37

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Level
  • Lot Size Sq Ft: 7501.00
  • Lot Size Acres: 0.1722

Multi Family

  • Gross Income: 137805.00
  • Gross Multiplier: 10.17
  • Gross Scheduled Income: 145058.00
  • Insurance Expense: 6140.00
  • Lot Size Area: 7501.0000 Square Feet
  • Net Operating Income: 94463.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 48143.00
  • Rent Control: Yes
  • Total Expenses: 48143.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 5764.01
  • Tax Lot: 16
  • Tax Tract Number: 3281
  • TaxOtherAnnualAssessmentAmount: 1235.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 Price Changed $1,475,000 -6.3% $360 / Sq Ft
06/19/2025 06/19/25 For Sale $1,575,000 -2.8% $385 / Sq Ft
06/10/2021 06/10/21 Sold $1,620,000 -3.3% $396 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $1,675,000 +34.0% $409 / Sq Ft
12/08/2017 12/08/17 Sold $1,250,000 0.0% $305 / Sq Ft
10/10/2017 10/10/17 Pending -- -- --
10/06/2017 10/06/17 For Sale $1,250,000 -- $305 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Similar Homes in Long Beach, CA

  • 1100 E 10th St, Long Beach, CA 90813

    $1,400,000

    • 2 Beds
    • 2 Baths
    • 3,879 Sq Ft
    • 1100 E 10th St
    • Long Beach, CA

    A fantastic opportunity to purchase a prime Mixed-Use Residential & Commercial Property in Long Beach with huge cash flow potential.Excellent location with Great Visibility of this 2507 SF Beer & Wine Convenience market situated on the front corner of veryheavily traveled 10th and Alamitos streets. The adjacent 1372 SF building has two residential homes each complete with 1BR,1 BA.

    Gurinder Singh NATIONAL REALTY GROUP

    Section Image
  • 1432 Gaviota Ave, Long Beach, CA 90813

    $1,670,000

    • 1 Bed
    • 10 Baths
    • 3,616 Sq Ft
    • 1432 Gaviota Ave
    • Long Beach, CA

    Now available in one of Long Beach’s most affordable and high-demand rental neighborhoods, this charming 10-unit Spanish-style apartment building offers a rare blend of character and cash flow. The property features (9) studio units and (1) 1-bedroom/1-bath unit along with a convenient on-site laundry room. With a strong annual gross income of $187,260 and an attractive 6.2% cap rate, this asset

    Cody Charnell Sage Real Estate Group, Inc.

    Section Image
  • 841 Cherry Ave, Long Beach, CA 90813

    $1,250,000

    • 1 Bed
    • 2 Baths
    • 3,311 Sq Ft
    • 841 Cherry Ave
    • Long Beach, CA

    841 Cherry Avenue is a 6-unit multifamily investment property located in Long Beach, California. Built in 1922, 841 Cherry Avenue offers investors the opportunity to acquire 6 well located units in one of Los Angeles County’s most desirable rental markets. The property features two buildings on a 0.15-acre parcel offering a mix of studio & one-bedroom floor plans and 3, garage parking spaces. 841

    Tyler Leeson Marcus & Millichap RE Invest

    Section Image
  • 419 Rose Ave, Long Beach, CA 90802

    $1,500,000

    • 1 Bed
    • 1 Bath
    • 2,448 Sq Ft
    • 419 Rose Ave
    • Long Beach, CA

    Rose Avenue Investment Portfolio, 3 units on a lot in Prime Long Beach area close to Downtown!Incredible opportunity to acquire a multi-property portfolio in the heart of Long Beach’s Alamitos Beach/Rose Park area. Perfect for investors, developers, or those seeking a value-add rental portfolio.419, 421, 423 Rose Ave: A standalone single-family home with vintage charm and loads of

    Richard Daskam eXp Realty of California Inc

    Section Image
  • 426 E 17th St, Long Beach, CA 90813

    $1,755,000

    • 2 Beds
    • 4 Baths
    • 5,270 Sq Ft
    • 426 E 17th St
    • Long Beach, CA

    426 E. 17th Street is a well-maintained bungalow-style apartment property located in the heart of Long Beach with (9) units plus (1) non-conforming unit. Priced at a 6.62%cap rate and 9.79 GRM based on current rents, the asset offers strong in-place income with additional upside.The property consists of (4) 1-bed/1-bath units (includes one non-conforming unit), (4) studio units, and two newly

    Robert Stepp Keller Williams Realty Downey

    Section Image
  • 1913 E Broadway, Long Beach, CA 90802

    $1,750,000

    • 1 Bed
    • 1 Bath
    • 1913 E Broadway
    • Long Beach, CA

    Located just blocks from the ocean, 1913 Broadway offers 12 units with incredible upside potential. This charming, well-located property is within walking distance to shops, restaurants, and all that Downtown Long Beach has to offer. With a strong rental market and increasing demand for well-located housing, there's significant potential to increase cash flow through renovations and strategic

    Trey Ballard eXp Realty of Greater Los Angeles

    Section Image
  • 1121 Pacific Ave, Long Beach, CA 90813

    $1,249,000

    • 1 Bed
    • 2 Baths
    • 870 Sq Ft
    • 1121 Pacific Ave
    • Long Beach, CA

    High-density development opportunity situated on a 7,444 square-foot lot in a centrally located in the rapidly growing downtown Long Beach market. The property consists of one 1-bedroom, 1-bath units, along with one studio unit. On-site parking is abundant, including four single-car garages and multiple uncovered spaces, providing convenience for residents and guests. The site is zoned PD-30,

    Patrick Swanson Pat Swanson

    Section Image
  • 463 W 6th St, Long Beach, CA 90802

    $1,630,000

    • 1 Bed
    • 2 Baths
    • 4,001 Sq Ft
    • 463 W 6th St
    • Long Beach, CA

    463 W. 6th Street is a well-located, 8-unit apartment asset in the heart of Downtown Long Beach. Priced at a 6.00% cap rate and a 10.49 GRM based on current rents, the property offers strong in-place income with additional upside potential. The well-maintained building features new exterior paint and a refreshed entry awning. The unit mix includes (2) 1-bed/1-bath units and (6) studio

    Robert Stepp Keller Williams Realty Downey

    Section Image
  • 825 Mira Mar Ave, Long Beach, CA 90804

    $1,710,000

    • 2 Beds
    • 1 Bath
    • 3,320 Sq Ft
    • 825 Mira Mar Ave
    • Long Beach, CA

    We are pleased to present 825 Mira Mar Avenue, an improved four-unit property located in the Greenbelt Heights pocket of Long Beach’s Recreation Park neighborhood, just north of Belmont Heights. This quiet, residential location offers tenants direct access to Recreation Park’s 210 acres of open space, two golf courses, tennis courts, and the city’s largest dog park. The property is minutes from

    Chris van Vuuren Lyon Stahl Investment Real Estate, Inc.

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25136808

California Regional Multiple Listing Service (CRMLS)