Long Beach, CA 90805,6508 Orange AVE
See all 9 photos
Long Beach, CA 90805,6508 Orange AVE
Long Beach, CA 90805,6508 Orange AVE
Long Beach, CA 90805,6508 Orange AVE
Long Beach, CA 90805,6508 Orange AVE

$1,685,000

Est. payment /mo

$1,715,000

1.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

6508 Orange AVE Long Beach, CA 90805

5,662 Sqft Lot

SOLD DATE : 09/26/2024

Key Details

Sold Price $1,685,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID PW24105603

Sold Date 09/26/24

HOA Y/N No

Year Built 1960

Annual Tax Amount $22,397

Lot Size 5,662 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Zoning LBR4N

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7114013044

Energy Description 2685.0

Acceptable Financing Conventional, 1031 Exchange, Submit

Listing Terms Conventional, 1031 Exchange, Submit

Financing Conventional

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Rick Applebaum • Morgan Skenderian • rma@morganskenderian.com
Bought with Sam Sidhu • Rockview Inc.

Tafoya Real Estate

Broker | License ID: 01493993

+1(559) 765-4220

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.