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Listed price in listed location currency (USD).
$1,160,000

000

MLS® SB26103140

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1942
MLS® Number SB26103140

Property Address: 1140 Orizaba Ave, Long Beach, CA, 90803-2525

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present 1140 Orizaba Avenue, a 4-unit multifamily investment opportunity located in the Eastside/Circle Area submarket of Long Beach (90804). The property features an excellent unit mix of (1) 3 Bed/2 Bath, (1) 2 Bed/1 Bath, and (2) 1 Bed/1 Bath units. The large 6, 531 SF lot and efficient lot coverage provides ample on-site parking, which is especially valuable in this parking impacted submarket. The property is separately metered for electricity and gas, and is not subject to local rent control (only AB1482). Priced at a 4.50% CAP Rate and 14.51 GRM on current in-place income, with upside to an achievable 7.18% Market CAP Rate and 10.31 Market GRM, the offering presents a compelling value-add opportunity with strong day one cash flow and approximately 41% rental upside. The property is strategically located in a high-demand rental pocket with a near-perfect Walk Score of 99 (“Walker’s Paradise”). Historically, walkable neighborhoods with authentic local character, limited housing supply, and established community amenities have demonstrated durable tenant demand and stronger long-term appreciation potential relative to more transient rental submarkets.
MLS® NumberSB26103140
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1942
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 12, 2026List Date
$1,160,000List Price

Home Appraisal

This property is estimated to sell between: $654,000 and $1,413,000.
Similar properties in this area sold on average for: $654,666
Expected to sell in 48 days. Similar properties sold in 48 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
1140 Orizaba Ave, Long Beach, CA

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