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5497 Orange Avenue, Long Beach, CA, 90805

5497 ORANGE AVENUE
$1,145,000

Key Information

Cap Rate
4.17%
GRM
14
$ per SF
$345
Tot. SF
3,315
$ per unit
$229,000
Units
5
Year Built
1954
Type
Apartments
NOI
$47,698

Highlights

  • Garden-style community featuring a two-story walk-up design with partial single-story construction, situated in the desirable Long Beach rental market. The property showcases excellent
    curb appeal, highlighted by well-maintained landscaping, mature greenery, and a welcoming exterior that enhances its long-term tenant appeal.
  • All units are separately metered for gas and electricity, and conveniently include gas wall heaters, as well as gas stovetop ranges and ovens.
  • The building offers gated pedestrian access, pitched composition shingle roofs, garage parking, additional street parking, and a community laundry room equipped with a 100-gallon hot water heater.
  • Prime City of Long Beach rental location at Orange Avenue and Market Street, near Long Beach Airport, Virginia Country Club, Long Beach Exchange, Skylines at Long Beach, Hilltop
    Park, and the Port of Long Beach.
  • Centrally located between the 91, 405, and 710 Freeways, and surrounded by a variety of shopping centers, employment opportunities, and entertainment options.

 

Photos

Location

Agents

Broker of Record

David Harrington

License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245