Exceptional Investment Opportunity in North Long Beach! This well-maintained 5-unit multifamily property offers a compelling mix of stable income and long-term upside potential. The building consists of four spacious 1-bedroom/1-bath units and one larger 2-bedroom/1-bath unit, making it a great fit for a variety of tenants. Each unit is individually metered for gas and electricity, simplifying utility management and maximizing cost-efficiency. The building has been plumbed with full copper plumbing. Investors will appreciate the coin-operated laundry room, which provides additional income, and the 4-car garage, offering both convenience and potential for increased revenue. Located in a rising pocket of North Long Beach, this asset is close to transportation, employment hubs, and local amenities, ensuring strong rental demand. With market rents trending upward, there’s ample opportunity to increase cash flow through strategic improvements and rent adjustments. Whether you''re a seasoned investor or new to multifamily ownership, this is a rare chance to secure a high-potential asset in an improving area. Don’t miss out on this attractive blend of current income and future growth!
Property Details
Price:
$1,175,000
MLS #:
RS25095588
Status:
Active
Baths:
0
Address:
5497 Orange Avenue
Type:
Residential Income
Subtype:
Apartment
Subdivision:
North Long Beach NLB
Neighborhood:
7northlongbeach
City:
Long Beach
Listed Date:
May 1, 2025
State:
CA
ZIP:
90805
Lot Size:
5,040 sqft / 0.12 acres (approx)
Year Built:
1954
See this Listing
Mortgage Calculator
Schools
Interior
Accessibility Features
None
Appliances
Disposal, Gas Range
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Carpet, Laminate, Vinyl
Heating
Wall Furnace
Interior Features
Copper Plumbing Full
Exterior
Community
55+
Community Features
Suburban
Electric
Standard
Fencing
None
Garage Spaces
4.00
Lot Features
2-5 Units/ Acre
Parking Features
Assigned
Parking Spots
4.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Map
Community
- Address5497 Orange Avenue Long Beach CA
- Area7 – North Long Beach
- SubdivisionNorth Long Beach (NLB)
- CityLong Beach
- CountyLos Angeles
- Zip Code90805
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5497 Orange Avenue
Long Beach, CA
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