6744 Orizaba Ave, Long Beach, CA 90805
9 Unit Apartment Building | $2,475,000 ($275,000/Unit) | 5.69% Cap Rate | Long Beach, CA 90805
For Sale
Active
5 pictures
Asking Price $2,475,000
- Property Type
-
Multifamily
- Square Feet
- 7,770 SF
Listing Contacts
Trey Mitchell
Jack O'Connor
Daniel Blackwell
- Property Info
Property Overview
Located on a corner lot in North Long Beach, 6744 Orizaba Avenue is a 9-unit multifamily investment opportunity offering an attractive mix of studio & two-bedroom units. The community amenities include on-site laundry facility and (10) single-car garages. The current cap rate of 5.69% offers an investor strong cash flow on day one of ownership. After minor operational improvements, a new owner will have a cap rate of over 6.80%.
Property Details
- Class
- C
- Year Built
- 1973
- Stories
- 2
- Lot Size (sq. ft)
- 9,583 SF
- Units
- 9
Highlights
- Strong In-Place Cash Flow - Current Cap Rate is 5.69%
- Attractive Unit Mix Includes (8) Two-Bedroom Units & (1) Studio
- Garage Conversion ADU Potential - Opportunity to Convert Existing Parking Into Additional Dwelling Units
- Community Amenities Include On-Site Laundry Facility & (10) Single-Car Garages
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