1140 Orange Avenue

    Long Beach, CA 90813
    • $1,875,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: SB18093363
    Price Reduced
    UPDATED: 66 min ago
    $1,875,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,059
      SQFT
    • $266
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Ratings & Info

    Description

    Price reduction, bring all offers!! Located across the street from Lincoln Elementary School, the building has shown a history of high occupancy. The buildings were built in 1939, and four units were added in 1990. All of the additions are permitted and completely in compliance. There is approximately 30% upside in rents.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-20T00:29:45.943. 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.
    www.playavistaliving.com/homes/82864031

    1140 Orange Avenue Long Beach, CA 90813

    • Price: $1,875,000
    • Status: Active
    • Updated: 66 min ago
    • ID#: SB18093363
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    7,059
    SQFT
    $266
    $/SQFT
    1990
    Built
    Neighborhood:
    Downtown (Dt)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    Price reduction, bring all offers!! Located across the street from Lincoln Elementary School, the building has shown a history of high occupancy. The buildings were built in 1939, and four units were added in 1990. All of the additions are permitted and completely in compliance. There is approximately 30% upside in rents.
    Exterior Features

    Garage Spaces 4.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features AreaWasher Included

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalksStorm DrainsStreet Lighting Country Us Electric Expense 492.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 550.00 Gross Income 0.00 Gross Operating Income 116592.00 Gross Scheduled Income 120120.00 Insurance Expense 2031.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry YN Yes Maintenance Expense 5200.00 Net Operating Income 75114.00 New Taxes Expense 25722.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 41478.00 Professional Management Expense 5830.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Downtown (Dt) Total Actual Rent 9800.00 Total Expenses 41478.00 Trash Expense 0.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 2836.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of John Levis of Carlos Antonio Gonzalez Vigon.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-20T00:29:45.943. 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.
     
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