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Ryan Arita

ryan.arita@exprealty.com +1(818) 288-8857

$2,275,000

Est. payment - /mo

11 Beds

9 Baths

4,213 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,213 sqft

Price per Sqft $539

MLS Listing ID 26880381

Bedrooms 11

HOA Y/N No

Year Built 1964

Lot Size 10,593 Sqft

Property Description

North Long Beach income property with consistent demand, proximate to major Los Angeles employment hubs and local transit. 6626 Orizaba ($1,175,000) to be sold w/ 6620 Orizaba Ave ($1,100,000) for a total of 9 units, across 2 continuous parcels, for a combined approx 10,800 SF lot and 4,213 SF building. Well-located complexes off the 91/710 freeways, ideal for developers (demolish to rebuild on the lots), owner-occupants, or investors. ***1ST PARCEL (6626 Orizaba): This 2-story complex, containing 4-units, all 2-1, was built in 1964, encompasses 2610 sq ft of building and a 5,339 sq ft lot. One of the occupied units has a uniquely large room that tenants use like a 3-1. Two of the units are vacant: easier to renovate to specific tastes. One unit needs a remodel; the other can be spruced up to personal preference. Both vacancies have recent window upgrades. All 4-units have recently been re-piped w/ more shut-offs. Up-to-date pest protection (completed in 2024) and a worry-free, drought-tolerant yard. Detached 2-car garage (currently used for storage due to orientation on the lot) offers prime ADU conversion potential; maximize yield by exploring a city parking waiver to optimize site layout. Alternatively, consider splitting the structure to create a dual-income stream by converting half into an ADU, monetizing the remainder as premium tenant storage. There is plenty of on-site parking. A coin washer/dryer is managed by Wash Laundry and paid out $993 last yr. Tenants pay their own electricity & gas. The 2 occupied units are paying $3,550 monthly & there is room to increase to market. Upon remodeling, the other two could generate $2,000-2,200+ each. *** 2ND PARCEL (6620 Orizaba): Single-story 5-units, built in 1950, encompasses 1603 sq ft. of building and a 5,254 sq ft lot. The building was added onto w/ permits. Healthy mix of 5 units: one is 1-1, one is a hybrid 1-1/S, and three efficient studio units (including two micro-studios) optimized for high-yield urban living. Plenty of on-site parking, & coin laundry income in the next building is shared w/ Wash Laundry. It has been re-piped; 2 units were electrically upgraded, the roof is newer, the lawn is drought-resistant (no watering needed), & it is master metered w/ utilities incorporated into rents. Rents range from $900-2,075 & current monthly rent total is $6,700, w/ room to increase some units to market-level rents. This dual-parcel package delivers solid in-place cash flow today with clear near-term upside through unit renovations, rent optimization, and longer-term redevelopment or ADU potential: a rare combination of immediate income and future scalability in North Long Beach. Drive-by only / Do not disturb tenants.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Zoning LBR3T

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling None

Flooring Laminate, Tile

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Assigned, Driveway, One Space, Uncovered

Total Parking Spaces 8

Building

Story 2

Entry Level One,Two

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 7120015047

Special Listing Condition Standard

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Listed by Jeanine Davidson eXp Realty of California Inc #01980323

NEARBY SCHOOL & BUSINESS

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6626 Orizaba AVE Long Beach, CA 90805