1604 Orizaba AVE Long Beach, CA 90804

Built in 1953, the subject property is a Six-unit apartment complex located in Eastside Long Beach, CA and is not subject to rent control. The building features a unit mix of (3) – Two Bedroom / Two Bath and (3) – One Bedroom / One Bath spacious units. Two of the Two Bedroom units have spacious floor plans and vaulted ceilings, while the remaining Two Bedroom unit has an attached garage. Currently, Two - One Bedroom units have been completed gutted, renovated and rented to quality tenants leaving significant upside in rents for a new owner by renovating the four remaining units. There is an estimated +/-22% of upside in additional monthly income by renovating the remaining units, adding an on-site coin operated laundry facility, charging for the other three on-site garages and utilizing the nine on-site storage units.