1073 Orizaba Ave Long Beach, CA 90804
Rose Park NeighborhoodEstimated payment $7,043/month
Total Views
8,115
5
Beds
4
Baths
2,044
Sq Ft
$587
Price per Sq Ft
Highlights
- Second Garage
- Gated Parking
- Main Floor Primary Bedroom
- Woodrow Wilson High School Rated A
- Property is near public transit
- 3-minute walk to Rose Park
About This Home
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, it’s 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 homes—without rental units—have sold for comparable prices. With built-in income potential, this property offers exceptional long-term value.
Listing Agent
Coldwell Banker Realty Brokerage Email: write.luen@gmail.com License #01733206 Listed on: 05/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,123
Year Built
- Built in 1922 | Remodeled
Lot Details
- 6,729 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Wood Fence
- Fence is in average condition
- Rectangular Lot
- Level Lot
- No Sprinklers
- Lawn
- Back and Front Yard
- Density is 2-5 Units/Acre
Parking
- 4 Car Direct Access Garage
- 4 Open Parking Spaces
- Second Garage
- Front Facing Garage
- Single Garage Door
- Shared Driveway
- Driveway Level
- Gated Parking
- On-Street Parking
- Parking Lot
Home Design
- Triplex
- Patio Home
- Raised Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 2,044 Sq Ft Home
- 2-Story Property
- Living Room
- Vinyl Flooring
- Window Bars
- Quartz Countertops
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Accessible Home Design
- Doors swing in
- More Than Two Accessible Exits
- Accessible Parking
Location
- Property is near public transit
- Urban Location
Utilities
- Floor Furnace
- Vented Exhaust Fan
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 6
- Assessor Parcel Number 7258002007
- $655 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 2 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- Insurance Expense $861
- Maintenance Expense $440
- Supplies Expense $137
- Water Sewer Expense $1,084
- Operating Expense $2,522
- Gross Income $41,160
- Net Operating Income $80,298
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,123 | $448,399 | $275,447 | $172,952 |
| 2024 | $6,123 | $439,608 | $270,047 | $169,561 |
| 2023 | $6,018 | $430,989 | $264,752 | $166,237 |
| 2022 | $5,661 | $422,539 | $259,561 | $162,978 |
| 2021 | $5,539 | $414,255 | $254,472 | $159,783 |
| 2020 | $5,525 | $410,008 | $251,863 | $158,145 |
| 2019 | $5,461 | $401,970 | $246,925 | $155,045 |
| 2018 | $5,252 | $394,089 | $242,084 | $152,005 |
| 2016 | $4,833 | $378,788 | $232,685 | $146,103 |
| 2015 | $4,645 | $373,099 | $229,190 | $143,909 |
| 2014 | $4,626 | $365,792 | $224,701 | $141,091 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/16/2025 05/16/25 | For Sale | $1,199,000 | -- | $587 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $145,000 | Accommodation | |
| Interfamily Deed Transfer | -- | -- | |
| Corporate Deed | $130,000 | Investors Title Company | |
| Trustee Deed | $130,500 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $104,000 | No Value Available |
Source: Public Records
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25107437
APN: 7258-002-007
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