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Key Details
Sold Price $1,700,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW21011457
Sold Date 07/19/21
Construction Status Turnkey
HOA Y/N No
Year Built 1953
Lot Size 6,534 Sqft
Property Description
We are proud to offer this 6-unit mid-century style apartment building in the heart of Long Beach’s Zaferia neighborhood. The property is located at 1604 Orizaba Ave, less than 2 blocks South of Pacific Coast Highway, and 2 blocks West of Redondo Ave. This puts the property in close proximity to public transportation, and has a walk score of 87, indicating many errands can be done on foot. The investment is comprised of (3) two-bedroom, two-bathroom units, as well as (3) one-bedroom, one-bathroom units. Built in 1953, the building has 4,086 SF of living space on the 6,369 SF lot. Each of the units is separately metered for electricity, and there is covered/garage parking available for tenants via the alley behind Orizaba. Due to the strength of the rental market, this property is currently 100% occupied, and minor upgrades can be made to drive additional value.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Carport, Door-Single, Garage, Gated, Garage Faces Rear, On Street
Garage Spaces 3.0
Carport Spaces 3
Garage Description 3.0
Fence Block, Good Condition, Wood, Wrought Iron
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks, Urban, Park
View Y/N Yes
View Neighborhood
Roof Type Composition
Parking Type Carport, Door-Single, Garage, Gated, Garage Faces Rear, On Street
Total Parking Spaces 6
Private Pool No
Building
Lot Description 36-40 Units/Acre, Gentle Sloping, Lawn, Landscaped, Near Park, Near Public Transit, Rectangular Lot, Street Level, Walkstreet
Faces West
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 7259028006
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Cesar Acosta • On The Move Realty
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