6508 Orange Avenue
Long Beach, CA 90805
- – beds
- – baths
- – sqft
- 5,663 sqft lot
- 1960 build
- – on site
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Pleased to present 6508 Orange Avenue, a secure 8-unit apartment building in the heart of vibrant Long Beach, California. Built in 1960, the property consists exclusively of two-bedroom/one-bathroom units. For added comfort and convenience, the property features an on-site laundry facility as well as (4) off-street parking spaces for tenants to use. This apartment building offers residents easy access to an array of local amenities including shopping centers, restaurants, entertainment venues, and recreational parks. With convenient access to major transportation routes, commuting to other parts of the city is effortless. Priced at $214,375/unit for this unit mix, this property is one of the more affordable deals on the market. Further, through modernization of the units and increases on current rent levels that are projected to be 53% below market, this property offers phenomenal value appreciation and exceptional future cash-on-cash returns.
Listed By CRMLS_CA / Rick Applebaum / Morgan Skenderian / rma@morganskenderian.com
Last checked:
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Last updated Sep 27, 2024
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MLS# PW24105603 —
The Building
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Year Built:1960
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:1 Common Wall
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Building Area Total:5354.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:8
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Stories Total:2
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# of Separate Gas Meters:9
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# of Separate Water Meters:1
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# of Separate Electric Meters:9
Interior
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Levels:Two
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Entry Location:1
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Laundry:Common Area
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Laundry:1
Location
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Directions:South of Artesia Blvd and West of Cherry Ave
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Latitude:33.87302900
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Longitude:-118.17698800
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LBR4N
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Lot Features:Rectangular Lot
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Lot Size Area:5663.0000
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Lot Size Acres:0.1300
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Lot Size SqFt:5663.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:5705.04
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Tax Tract:7845
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Tax Lot:157
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Tax Annual Amount:22397.00
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7114013044
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:North Long Beach (NLB)
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Subdivision:North Long Beach (NLB)
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Senior Community:No
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Features:Curbs, Gutters, Sidewalks
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Pool:None
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Private Pool:No
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Assessments:Yes
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Assessments:Special Assessments
Parking
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Parking:Yes
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Parking:Assigned
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Parking Spaces:4.00
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Uncovered Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/26/24
Sep 26, 2024
|
Sold | CRMLS_CA | $1,685,000 | -1.7% |
7/8/24
Jul 8, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $1,715,000 | |
6/18/24
Jun 18, 2024
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Price Changed | CRMLS_CA | $1,715,000 | -4.7% |