Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPW25107437
MLS Source
California Regional MLS
Days on Site
9
Interior Features
Kitchen
Exhaust Fan
Appliances
Exhaust Fan
Cooling
None
Heating
Floor Furnace
Exterior Features
Roof
Composition
Foundation
Raised
Pool
None
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Garage, Gate/Door Opener, Off-Street Parking, Other, Parking Area, Garage: 4 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1073 Orizaba Ave is a Triplex in Long Beach, CA 90804. This – square foot property sits on a 6,729 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,199,000 and was built in 1922. This address can also be written as 1073 Orizaba Ave, Long Beach, CA 90804.
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This listing information is up-to-date as of May 17, 2025. For the most current information, please contact Luen Song
