1622 Orange Ave., Long Beach, CA 90813 - SW20156343 - iPro Real Estate
iPro Real Estate

iPro Real Estate

1622 Orange Ave.
Long Beach, CA 90813

Active, Multi-Family/Income Sale

Price Decrease
For Sale

$1,997,500 $333.75 per sqft

Free Professional CMA

Listing ID : SW20156343

  • Lot Size

    5,985 Sqft
  • Year

    1963

Description

Wonderful opportunity for a turnkey income property with long term tenants. The property consists of 5 two bedroom apartments and one huge commercial. The 2 bedroom apartments have been remodeled with quality materials and are wonderfully designed. There is a parking lot behind the rear apartment building with parking for 10 cars. There are 4 additional parking spaces between the restaurant and the rear building. The restaurant is amazing. The restaurant was build newly just 2 years ago. The concrete floors were removed and was literally designed and built from scratch. The restaurant kitchen was taken all the way down to the dirt, new plumbing and electrical, all new hood and fire suppression system. Beautiful new glass front entry with roll down steel door for added security. the restaurant tenant owns other restaurants and a bakery and is very skilled. La Espiranza was just listed as one of the top 10 underrated restaurants in Long Beach. The restaurant is currently is open and has wonderful outside seating. Never will you find such a new restaurant with apartments at this price. Over $200,000 was recently invested in the restaurant space alone.

Details

Type: Multi-Family/Income Sale 
Subdivision: 9 - Poly High 
County: Los Angeles 
Tax ID: 7268031028
Days on Market: 312 
Number of Buildings: 2 
Number of Units: 6 
Property Type: Commercial Sale 
Water: District - Public 

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33.787594 -118.176231 $1,997,500 SW20156343
1622 Orange Ave., Long Beach, CA 90813
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Area Information 90813

Population:

58,942 Up .01% since 2010
Average Income:
$41,559
Average Age:
27Years
Gender:
49.79%Male
50.21%Female
Households:
16,37851.19% with children
Average Value:
$507,730
Occupancy:
13.04%Owned
86.96%Rented
8.98%Vacant
Education:
22.62%High School
4.53%Associate
6.72%Bachelor
2.71%Graduate
Average Residency:
18Years
Crime Rate:
Above Average
Annual Rainfall:
12.93Inches
Earthquake Risk:
Very High
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Average

Nearby Schools Long Beach School Districts

School Name GS Rating Parent Rating Distance

Muila Area 2

private • K-12
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Creative Arts School

private • PK-5
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Huntington Academy

private • K-4
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Lincoln Elementary School

public • K-5
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School Name GS Rating Parent Rating Distance

Muila Area 2

private • K-12
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Jessie Nelson Academy

public • 6-8
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True Social Justice Academy

private • 6-12
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First Baptist Church School

private • K-12
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Washington Middle School

public • 6-8
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School Name GS Rating Parent Rating Distance

Muila Area 2

private • K-12
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Polytechnic High School

public • 9-12
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Intellectual Virtues Academy

charter • 9-12
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True Social Justice Academy

private • 6-12
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Saint Anthony High School

private • 9-12
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History

Date Transaction Price Mortgage Amt & Lender
Date
Jun 08, 2021
Transaction
Active - Commercial Multi-Residential (5+ units)CRSW20156343
Price
$1,997,500
Mortgage Amt & Lender
- -
Date
Jun 08, 2020
Transaction
Canceled - Commercial Multi-Residential (5+ units)CROC16175195
Price
$799,000
Mortgage Amt & Lender
- -
Date
Jun 07, 2019
Transaction
Sold - Commercial Multi-Residential (5+ units)CRPW17026667
Price
$1,100,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Roark Merrill with Signature Real Estate, Inc.

Based on information from the MLSListings MLS) as of 6/13/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 6/13/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2021 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes