Address
1622 Orange Avenue Long Beach, CA
Price
$ 1,997,500
Property Attributes
- MLS#SW20156343
- TypeIncome
- CountyLOS ANGELES
- CityLong Beach
- AreaPoly High
- NeighborhoodPoly High
- Zip90813
- Style
- Price$ 1,997,500
- Bedrooms10
- Full Bathrooms7
- Half Bathrooms0
- Lot Size5,985 SqFt
Listing Provided Courtesy Of:
Roark Merrill with Signature Real Estate, Inc..
Data Source:
CRMLS
Property 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.
| Price History | |
|---|---|
| 8/5/2020 | Listed $2,100,000 |
| 10/22/2020 | 5% - $1,997,500 |
General Features
| Community Features | Curbs, Urban |
|---|---|
| Listing Agent | Roark Merrill - BRE#01299364 |
| Listing Agent State License | 01299364 |
| MLS Area | 9 - Poly High |
| Parking Features | Asphalt, Off Street, One Space, Uncovered |
| Pool Features | None |
| Property Attached Y/N | Yes |
| Property Type | Residential Income |
| Sewer | Public Sewer |
| Special Listing Conditions | Standard |
| Status | Active |
| Subdivision Name | Poly High (PH) |
| Terms | Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange |
| Total Units | 6 |
| Water Sewer Expense | 2400 |
| Zoning | LBR34 |
Interior Features
| Common Walls | 2+ Common Walls |
|---|---|
| Laundry Features | See Remarks |
Exterior Features
| Lot Features | 6-10 Units/Acre |
|---|---|
| Lot Size Acres | 0.14 |
| Lot Size Area | 5985 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 5985 |
| Lot Size Units | Square Feet |
| Number of Buildings | 2 |
| Number of Separate Electric Meters | 6 |
| Number of Separate Gas Meters | 6 |
| Number of Separate Water Meters | 1 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 90813
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of June 21, 2021 9:52 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Based on information from California Regional Multiple Listing Service, Inc. as of June 21, 2021 10:31 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
