tomo logo

$1,209,000

Beds
Unknown
sq ft
2,044

1073 Orizaba Ave, Long Beach, CA 90804

1073 Orizaba Ave

Long Beach, CA 90804

  • 117 days on market
Welcome to this charming craftsman-style home, boasting an updated 3-bedroom, 1.5-bathroom front house. This property is truly unique, featuring two high-income producing 1-bedroom, 1-bathroom units at the back, each occupied by quiet, long-term tenants. Adding to its allure, the back units are situated over four extra-long, separate garage units and a large laundry room. This setup not only provides convenience but also offers significant income potential. Compared to similar properties in the area, this home stands out with its income-producing units, setting it apart as an exceptional investment opportunity. A neighboring property recently sold for a similar price but lacked the additional income-producing units, making this property a rare find in the market. With the option to live comfortably in the front house while generating income from the back units, this property offers the perfect blend of lifestyle and investment potential. Don't miss the chance to own this income-generating gem in a highly desirable location. Schedule your viewing today.

Details

Property type

Mixed Use

Est. home value

$336,776

Lot size

6,727 sq ft

Price per sq ft

$592

Year built

1922

Price History

03/06/2024
CRMLS

CRMLS #PW24045679

Listed
$1,209,000
01/21/2024
CRMLS

CRMLS #PW23156145

Removed
$1,209,000
09/15/2023
CRMLS

CRMLS #PW23156145

Listed
$1,209,000

Schools & Community

Neighborhood: 

East Side

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

American Svg Bank

Loan start date

August 1996

Original loan amount

$104,000

Est. remaining balance

Not provided

Interest rate

4.25%

Loan type

Not Provided, 30 year

Seller

Kheng Lay and Nay Ky Ly

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 9:50 AM

Listing updated: 04/16/2024 at 4:20 PM

Listed by: Luen Song, Coldwell Banker Realty Phone #: (562) 494-4600

MLS: CRMLS #PW24045679

CRMLS logo

Recently listed in Long Beach