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1033 Orizaba
For Sale $2,250,000
$2,250,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 6,750 Sq Ft
Description
1033 Orizaba Avenue is an excellent cash-flowing multifamily asset located in a prime Long Beach location just north of Rose Park. The property consists of eight units, including (2) 3-bedroom, 2-bath units and (6) 2-bedroom, 1-bath units, offering a versatile unit mix that appeals to a wide range of tenants—from individuals and roommates to families seeking additional space.
The property features four single-car garages, four additional surface parking spaces, a large outdoor deck above the garages, and a community laundry facility, providing desirable amenities that enhance tenant retention and livability. Additionally, the garage configuration presents a compelling value-add opportunity, as a new owner could explore the potential to convert the existing garages into up to two Accessory Dwelling Units (ADUs), further increasing income and maximizing the site’s utility (buyer to verify).
The asset is currently generating strong income of $16,895 per month ($202,740 annually), delivering immediate and stable cash flow. There is also meaningful upside in the current rents, most notably within one of the 3-bedroom units, offering investors the opportunity to further enhance revenue over time.
1033 Orizaba Avenue presents investors with a rare opportunity to acquire a well-located, stabilized multifamily property with both strong in-place income and clear value-add potential in one of Long Beach’s most established rental markets, supported by consistent demand and proximity to employment, retail, and everyday amenities.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,250,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 4 spots |
| Year Built | 1963 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7258002018 |
| MLS # | PW26065434 |
| Property ID | 322749767 |
| Lot Sqft | 6,750 |
| Zoning | Unknown |
| Total Units | 8 |
| Days on Market | 61 |
| Original List Price | $2,250,000 |
| Date Updated | April 13, 2026 |
| Date Created | March 26, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $16,395 | $0 |
| Net Income (Yr) | $ 202,740 |
| Cap Rate | 5.65% |
Listing Provided By
Spencer Pabst an agent of . Lic #01849377
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of April 13, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT