6508 Orange Avenue, Long Beach, California 90805
  • $1,715,000
  • $1,800,000

Overview

Property ID: PW24105603
  • Apartment, Residential Income
  • Property Type
  • 5354 Sqft
  • Area Size
  • 1960
  • Year Built

Description

Pleased to present 6508 Orange Avenue, a secure 8-unit apartment building in the heart of vibrant Long Beach, California. Built in 1960, the property consists exclusively of two-bedroom/one-bathroom units. For added comfort and convenience, the property features an on-site laundry facility as well as (4) off-street parking spaces for tenants to use. This apartment building offers residents easy access to an array of local amenities including shopping centers, restaurants, entertainment venues, and recreational parks. With convenient access to major transportation routes, commuting to other parts of the city is effortless. Priced at $214, 375/unit for this unit mix, this property is one of the more affordable deals on the market. Further, through modernization of the units and increases on current rent levels that are projected to be 53% below market, this property offers phenomenal value appreciation and exceptional future cash-on-cash returns.

  • Address: 6508 Orange Avenue
  • City: Long Beach
  • State/county: CA
  • Zip/Postal Code: 90805
  • Area: North Long Beach (NLB)
  • Country: US

Details

Updated on September 27, 2024 at 12:33 am
  • Property ID PW24105603
  • Price $1,715,000
  • Property Size 5354 Sqft
  • Land Area 0.13 Acres
  • Year Built 1960
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Conventional, 1031 Exchange, Submit
  • Sewer Public Sewer
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Parking Assigned
  • Community Features Curbs, Gutter(s), Sidewalks

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